popesalmon

popesalmon

+1% Looking carefully price was doing a retest @1888.770 and hence I entered as it flips bearish instead of from the previous lower wick. Because I'm anticipating that the momentum would carry price below before the 4h candle closure

popesalmon Updated 

Price broke down below level of support. Closing strongly beneath it, then the following daily candle retraces BUT didn't close above the level. Potentially meaning price may be setting up to move to the downside. HOWEVER, price has also yet to break major HH HL structure. . . Looking for more confirmations to enter EURUSD positions SHORT 1. 0.5 & 0.618...

popesalmon Updated 

Reasons to SHORT Really want to see some sort of retracement as drawn before entering short position, as price has been producing strong bullish impulse rally past days, without a retest it can be a riskier trade 1. 1h Level of resistance 2. Price on 4h Daily has been making LH LL structurally 3. we are on a potential reversal of swing high 4. 0.382 retracement...

popesalmon

+2.7 Price has been making LH LL on the smaller timeframe as well as on the daily, price has formed a candle confirmation I like to trade on. Once the daily starts to break the previous low, I formed a short bias... And with the 30m closure 1hr before LDN open, I knew there's going to be anticipation from sellers to bring price down. Furthermore, if we look...

popesalmon

+2% Engulfing candles after multiple rejections can be a very high probability trades. This is further confirmed by rejections of previous swing high as highlighted in blue. Furthermore, the target wasn't just a 1:1 RRR, it's also a level which price has respected very much, so it was that pull factor that made this trade good. Stoploss is important, but target...

popesalmon

+3.2% Confluence for shorting 1. 4h Resistance at 0.5 fibonacci retracement 2. Bearish Engulfing candle at retracement in confluence with 1. 3. 50EMA dynamic resistance at 4h 4. 50 EMA dynamic resistance at Daily on potential Swing High 5. Market Structure is Bearish with clear LH LL 6. Weekly, Daily, 4h, 1h all in confluences of bearish momentum ENTRY Candle...

popesalmon

+2% We have been in an impulsive bearish move since Asian session. However, as price approaches the levels drawn it starts to range and gives off indecision. Through that, we wait. Until the strong bullish candle as marked by blue dot, this candle broke and closed above all the ranging candles. signaling that buyers has taken control of the market to a certain...

popesalmon

+2% The initial breakout was not convincing to me. Despite the clean range that could potentially be filled. However, with an outside bar (candle I entered), it shows strength in the bullish momentum and I used this as a confluence and the main character for this particular long entry.

popesalmon

Price did a 'Hercules' move, breaking below all the wicks and failed attempts on a higher timeframe. Price didn't play out as planned, managed risk accordingly to reduce total loss Would've been a better trade opportunity if I waited for the next level to be broken instead of the current one as it would confirm a much stronger momentum and market's willingness to...

popesalmon

+0% Took a Sell Stop trade on NY session. Using previous candle low as an anchor for the entry point. Price went into profit during the last 2 minutes of the period. To reduce my risk exposure I moved my SL to BE. Once new candle opens it shot up and took my trade out.

popesalmon

4h has been forming a sloped movement to the upside, furthermore, on the Daily, previous candle looks to be a rejection wick. Long 1. From resistance to support - Multiple rejections @ 1.21730 level 2. Previous week Bullish Breakout 3. Potential Weekly Wickfill 4. 0.382 retracement 5. 4H 50EMA breakout 6. Market has been making HH HL structure on...

popesalmon

+1% Took this trade based upon the breakout of LTF structure. As seen with the 1864.00 price being violated with a strong lower wick. This shows the potential LTF retracement to allow the following candle which I entered to move down. Also what makes this trade really good is the closest next range being around 100pips away from my entry, meaning that there are...

popesalmon

-1.5%

popesalmon

+2%

popesalmon

-1.8%

popesalmon Updated 

Reason to short USD/JPY

popesalmon

+1.67%

popesalmon

-0.3% Post-Analysis: Entering too early, as evident from the Horizontal Ray, that says "Potential SHort @ 151.755" but I entered before it even closed below that level FOMO