NeilasFX

NeilasFX Updated 

I'd mentioned the annual VWAp as a possible area of support last week, however, after rotating around it for a short while we pushed lower. Let's see if that level (Orange line) will act as support. If not, we should head up the the larger supply level around 1.0900 level.

NeilasFX Updated 

Hi! We are approaching the 2024 yearly VWAP level. I'm looking at this to add some confluence for this level to act as our new support. IF this level fails let's keep an eye on VWAP flipping over to resistance. Let me know your thoughts. I trade intraday, but I'd still love insights into how people view the higher timeframes currently.

NeilasFX Updated 

I have already taken a Long position this morning, which reacted well. On reflection I'm now wondering if we'll run these lows (Yellow line $) Measuring the impulsive move's volume we can see the POC of the leg up.

NeilasFX

I'm now looking for this green highlighted zone to act as resistance and push DXY down further. 102.000 this week

NeilasFX Updated 

I'm waiting for price to reach, and possibly intraday selling to, 1.0830 level. Perhaps then, later this week, we can see the next leg higher to test 1.0900 area again. Stay flexible and wait for good opportunities on lower timeframes.

NeilasFX Updated 

I still see EURUSD, at some stage, sweeping the liquidity lying at 1.0790, before making the main move higher. The level we are are now could start and act as resistance: note the POC during the distribution phase on Thursday. Waiting for a nice entry sell opportunity now on lower timeframe. Image below shows the level I would like to target with any sell I enter.

NeilasFX Updated 

I have noted a couple of key levels on the chart, which I'll be looking to buy from once I get a a lower timeframe setup. My target ultimately is to have another run up towards 1.0900. This outlook is classic resistance, hopefully, about to turn into support!

NeilasFX Updated 

There is an "order block" sitting just below the 1.0900 level. Expect a reaction, maybe, but then I suspect it will be liquidated. Once we hit 1.0900 is anyone's guess, sell or buy? Let me know your thoughts. We had some perfect long trades earlier this week, but everything closed now, looking for re-entry.

NeilasFX Updated 

Note the yellow line. No, GOLD line! I believe this is where we are heading next. Once this hits we can wait and see the reaction, but there is a gold mine at this level. I am not in a buy currently, monitoring closely now and looking for the best opportunity. I'll update comments when I see... On the 1 hour take note of the bullish candle (highlighted). This...

NeilasFX Updated 

I am still interested in a short at this Supply level, IF we get the appropriate lower timeframe entry. If we push through the obvious target is the psychological level at 1.1000, specifically I have 1.1004 highlighted. Here is my intraday long position, running 50% of the position now

NeilasFX Updated 

Currently holding 50% of my long position now toward this highlighted supply area. I'll be closing my buy (selling) here. Then monitoring closely on lower time frame to see if we sell off...

NeilasFX Updated 

Waiting for a pullback to target all that trend line liquidity. And then continuation lower

NeilasFX Updated 

I have attached screenshots showing some ideas. The level I shared yesterday was perfect to close any intraday long positions. My bias is bearish so looking to enter a short position. We could potentially continue to retrace toward the 4 hour supply "order block" I've highlighted.

NeilasFX Updated 

Looking for the next leg higher. Previous 'imbalance' acting as resistance / support flip zone

NeilasFX Updated 

I think I closed this morning's long trade prematurely. Note the 5 minute "order block" candle, which unsurprisingly, failed miserably. I believe buyers will want to get involved here on any pullback we get now. If I had sold this "order block" I'd certainly want to close (buy) here. (5 minute chart) Target, shown on 4 hour chart image Is at 1.06247. Leave a...

NeilasFX

Looking to sell USD early this week. Then we can see a possible area of demand to continue the relentless Bullish pressure.

NeilasFX

I have highlighted 2 areas of fresh supply where we could see a reaction and continuation lower. Note, there is also a large area of imbalance following the recent sell off. I have lower risk sell limit set at the first area and alerts set. Any good reaction and lower time frame entries and I'm shorting. We have just tapped into an area of weekly demand, so you...

NeilasFX Updated 

We have entered a long position yesterday evening as price returned to Demand area created after breaking trend line liquidity to the upside. We can see a lovely fresh demand area created on the 1 hour chart for re-entries (Highlighted blue zone) Want to learn about Supply and demand in further detail, I highly recommend the following to mentor you! launchpass.com