Strong move to the downside early into the trade hopefully take profit get reached soon.
Just got an entry in on GBPJPY which is a 75% trade according to our trading plan. Hopefully price can keep this momentum as we are only looking for a 1:1.2 RR this trade.
CADJPY also the same thing but just lookin for price to travel a little further up to it's zone. All timeframes in sync, price is also currently at a point where it could soon give a entry around here just waiting on lower timeframes to enter. Just looking for price to move slightly back into the zone so we can hopefully see moves downward
same thing on EURJPY , All timeframes in sync, price is also currently at a point where it could soon give a entry around here just waiting on lower timeframes to enter. Just looking for price to move slightly back into the zone so we can hopefully see moves downward
All timeframes in sync, price is also currently at a point where it could soon give a entry around here just waiting on lower timeframes to enter. Just looking for price to move slightly back into the zone so we can hopefully see moves downward
This trade took a lot of patience as we consolidated in profit for a while failing to break that minor zone of support multiple times. Currently up about 3% I'm looking for price to continue it's bearish move in hopes of reaching our 4% take profit.
From yesterday our sell position on NZDCAD was playing out smoothly but I knew this won't last for long because we needed a retracement and also we had two strong minor zone we would have to break to continue bearish. We broke the first zone but then price couldn't break the second one. Right now we are still in profit but price in now moving...
Trade entered on NZDCAD , hopefully price moves smoothly we are also still looking for a close on a gap around 0.80900 so if price closes solidly below that , that will be a good sign that price will continue this down trend. As for the rest of the confluences this is a A+ setup at 90%
GBPJPY all timeframes in sync to the downside. Price had that initial move to the zone since then it has pushed down but on the 1hr the shift of structure has not taken place just yet but soon we are looking for price to break that low and then retrace back up to that minor zone to then give a entry signal.
On EURJPY all timeframes in sync , at AOI , round number. Now just looking for a break of structure a new retracement or lower high to be formed and then a entry signal.
NZDCAD, One of the three pairs we are looking at this week and it is almost in the position for a entry to be taken. All timeframes in sync, price has now retraced back into the zone we needed it to retrace into. From here we have seen a shift of structure and now we need "convincing" price movement to then look for a short. Will be monitoring this pair closely.
No trade taken last week due to the gap that was formed at the start of the week. I didn't want to end up forcing a trade and breaking my trading plan but this is the trade we would have taken if we were playing it a little more risky. To some traders this isn't risky at all and maybe I played it too safe but this type of discipline is what you need to be...
Potential CADJPY trade? if we get a retracement back into that zone price will be hitting a psych level and a previous structure level. It will be another confluence if price also meets the EMA and uses it as resistance.
Exactly what I expected happened , just didn't manage to get an entry which is what I also expected. I knew this move would be quick but the only reason I missed this trade is because there was simply no entry signal.
Idea for EURJPY , All timeframes in sync. The gap created on sunday has been filled and now you can see the head and shoulders switching the structure. Looking for price to come back and create that new lower high around that zone which also has the EMA a round number and recent structure.
All timeframes in sync in trend, the gap could potentially be filled in the AOI region where we would then look for price to continue bearish moves. I like the previous candle close on the daily and the fact that the gap close is also in the region of the AOI.
Same thing on EURUSD, Big gap in price across majority of pairs starting this week , will be waiting it out to see if the gaps will close and for price to go back into it's normal movement. Price on EURUSD could close the gap and then move to the zone to then continue bearish movements because all timeframes are in sync downward
Big gap in price across majority of pairs starting this week , will be waiting it out to see if the gaps will close and for price to go back into it's normal movement. On AUDUSD however we see all timeframes in sync so far price could still fill the gap and continue it's moves down.