-Very good opportunity to sell at the supply zone which is in confluences with the 38.2% level. -The Ema is above price suggests Medium term bearish momentum on the pair. -Price previously broke the ascending channel which is also another indication that price could retest the supply zone and then we could start to see bearish momentum for this pair. Wait for...
There is good long opportunity for NZDUSD of the retracement on the demand zone which is also in line with the 23.6% fib level. Another confluence will be the EMA acting as support and price also retracing from the EMA. A very strong buy signal for this pair.
As you can see we notice this retail decending channel, we expect price to break through this channel and head to our sniper zone (Marked in purple) and then head downwards and break past the previous lows.
Selling opportunity
The liquidity pool that was created at around 107.4 mark finally got cleared and we can see a quick bullish move back to the key structure level. Retailer would be looking to sell at this zone but institutionalist on the other hand would be looking for buy entries. I still see price going to the supply zone (green zone) before the final sell.
We could see price head down towards this sniper zone, and then head back up to fill the gap of imbalance.
We could see price coming down to marked sniper zone (Purple) and reversing to take out them equal highs to grab the retail liquidty.
We have a Sell limit placed at our entry 1 point, but we do have 2 possible entries, just make sure you use correct risk managment. We expect price to head up to our entry 1 point and then head down to take out them equal lows (Marked "Liquidity") where price could keep pushing down or reverse.
We expect price to come up and retest the sniper zone (Marked in Purple) and head down to break them previous lows, to an old Reistance/support area. Sell Limit @ 1.414 Stoploss @ 1.42 Take Profit @ 1.4
We have a possible sniper entry for EU, we have the sniper marked with blue arrow that is a break of lows to grab liquidity, we are expecting price to come down and retest the open of the bearish candle and head up towards the other sniper area.
On the monthly time frame we can see the Orange line (Retial Support) has been respected more than 3 times. Price has broken through this support level to take out retial trader that entered Long posoitons at the support area. We could see price head back down to the sniper zone (Marked in purple) to take out any eary retial long traders and then head up in the...
We have this retail support zone where price broke through previously. We have this retail head and shoulders pattern forming on the lower time frames which retail traders will be watching. Price should come down towards to he sniper block (Marked in pink) and then in the intended direction. This will be grabbing retail liquidity so the institutions can get in at...
We've seen highs been taken out and bulls taking control. Now waiting for the retest and grabbing some liquidity before the dump. Retest and enter.
Chart explains it all... So far every move has been caught. Send me a message if you need help.
Since yesterday, I've caught 220 pips on gold, and now my projection is for another 300 pips+- downmove.
Expecting Sell Entry to be triggered and price to continue in downward trend to hit TP area