erikgtFX

erikgtFX

following the bearish structure on the 4hr , we now see this 4hr supply that caused BOS , with handle 7000 , we can hopefully see a build up of liquidity and approach the zone in a corrective manner , looking to see the structural lows taken out

erikgtFX

after mitigating the 4hr wick supply , we have seen a ss to the downside and have seen bearish structure as we violated the last higher low on the m15 , as we have a inefficient bullish leg we are looking to target the asia low as liquidity

erikgtFX

as price was dropping in London and the beginning of NY leaving imbalance and a lot of upside liquidity to be taken , we was looking for a area for price to reverse , saw key area of 1.23500 and also saw a area on the previous 15min reaction of this area I wanted to see price hold , one I had seen a song rejection of the key area and a candle closer above recent...

erikgtFX

so for this trade we had bearish market structure with new lows and lower highs, we then saw entering NY we had a area of supply where price had previously sold from , we now also saw a key area and physiological level where we was expecting to see price react off 130.000 zone , we had also a 50% retracement from the swing highs the the pull back into our area ....

erikgtFX Updated 

we have seen market structure become bullish with break of structure to the upside , we now have seen price pull back down to test our area we have looked for then a COCH back to the upside after the rejections in our zone for entry , we also have the ema as support and our 50% fib zone risk 1 %

erikgtFX

On GJ we have see price turn bullish after the news on the GBP trying to re gain strength , we saw price create new highs and a break of structure to the upside so we simply waited for a re test on our key area 156.500 as this area has recently been used as support and resistance and is a level banks like to trade around , we also had our 50% level on our fib...

erikgtFX Updated 

after news came out we saw a spike in price to the upside but we knew this was a fake out as price was brought back down into structure and closed below our key area , we then waited for price to pull back into our key area of 154.500, we had ema conformation , our fib zone respected , break of stucture to the downside, bearish engulfing and higher timeframe conformations

erikgtFX

short today on EU as we failed to break new highs and saw structure creating lower highs , we waited for a break of structure to the downside after creating lower highs and already knew sellers had a strong hold on EU , we then waited for price to pull back up into our key area as market on the chart , once our area was hit we saw price get rejected in this key...

erikgtFX

re entry on gold short as you can see after creating new lows and breaking 1650 we had a small 1-2 RR previously but we then saw price push higher up to re test this zone with had previously been used as support and now was broken and used as resistance , we also have our fib zone being respected and market structure in our favour we waited for a small break to...

erikgtFX

Here we see gold bearish and following this trend we are looking for price to pull back to our key level of 1650 , we have ema conformation , fib levels respected , a perfect break and re test of a phycological level . market structure also supports selling in this market are recent news helping sellers hold control of the bearish market risk 1%

erikgtFX

as we have been bearish on GJ the last week we was looking for sells and as we saw price fail to break this key area of support and resistance we looked for market structure to be bearish on our 15 min timeframe , we saw price create lower highs and lower lows after breaking a support at 164.000 we looked for price to pull back up and re test before continuing to...

erikgtFX

Another short on GJ as we created a new low and followed the bearish market structure we waited for price to come to our key area of 165.500 as this is a phycological level ,we also had our fib zone respected well once we had seen price come into our area we went into the 5min timeframe to look for our entry , all we needed for this trade was to recognise price...

erikgtFX

following the previous trade on GJ we were looking to see if price can carry the bearish market structure , after breaking structure to the downside creating a new low we now looked for price to pull back up before a continuation to the downside , we saw price respect our support zone on our fib and also respect a key level of resistance , we targeted the 165.000...

erikgtFX

here we see a consolidation in price after reaching new highs, after this build up we saw a spike of price to the upside due to news , as price failed to close above and respected the level of resistance we now see price break below with the respect of our ema and higher timeframe key levels , we look to see price drop to our next key level where we will see...

erikgtFX

price failed to break a new high and was at a resistance on the weekly so we looked for price to break to the downside to catch the retracement on the higher time frame , we saw the crossover of the ema and once we saw this bearish candle break past our previous low on the 15min we knew we would see price drop to our next level of support , we drew our fib zone...

erikgtFX

on GJ we had higher time frame show us market structure is bullish and also on the daily after the overall movement bullish and creating higher highs and higher lows we saw price start to reverse and pull back to our key support and resistance areas, we then saw a reaction showing a break of structure to the upside and we didn't trade this we waited for price to...

erikgtFX

weekly , daily and smaller timeframe show us price action is still bearish and after breaking monthly lows we have seen price bearish and following this once structure was broken to the downside we then waited for a retracment back into our key area also support by the gold zone on our fib , after sellers taking control and our ema showing we are to carry on...

erikgtFX

re entry as trade was not valid anymore so we will wait to see price test this area and wait for a break to the downside