Salman342

Salman342

GBPAUD is retracing at the moment, We will take entry from 61.8% of Fib. TP1 would be the most recent high and we will ride this trend until the old Daily high, until the next retracement. At the moment it is also respecting the trend line.

Salman342

BTCUSD bouncing off a strong support region. Can take a buy here until the 4h FVG on the sell side. We can see get a RR of 1:3

Salman342

Doing the top down analysis, we can see EURGBP not to be in a strong buy or sell trend.Although we can see the price movingtowards the weekly FVG on 4h time frame. We will wait for the price to enter our 4h FVG and take a buy entry from there. We can also drop down to 15 minute time frame (when the price reaches the 4h FVG), and look for a buy side FVG for more...

Salman342 Updated 

Price seems to be in a healthy up trend. We can expect the price to take a retracement. It is possible, that the price will form another fair value gap in 4h time frame. We will wait for the formation of the new FVG and then take the entry from that FVG. The other senerio is, that the price taps in the last FVG (As shown in the chart), but the probability is very...

Salman342

The price has changed its bullish trend to bearish trend already. We can see a bullish divergence at this point. So the price is expected to take a pullback from here. We have defined two entry points for the short position here, and we will hold this trade and ride the downtrend of the price.

Salman342

Overall the price action seems like in bullish momentum. Doing the top down analysis, we can see a monthly FVG. Buliish leg is the high probabily leg. Price is making a bearish FVG on 4h TF. So its likely to take a pull back from here, and we can enter in buy at 2 different spots, 1 from the Daily FVG and the second one from the Monthly FVG.

Salman342

We can see a strong selling pressure in the weekly and daily time frame. Altough, the price is bouning of a Monthly FVG. We are gonna look for buying entty setups. At the moment, there are no reasons to buy, we are expecting the price to grab the liquidity of selling orders and then starts its journey towards the buy side. We will go for the strategy of wait and watch.

Salman342

Market sentiments for long trade are high. There is a weekly and daily FVG that price needs to take in this leg, so we are expecting that the price will make a pull back in this down trend to grab that FVG to give us another short entry later.

Salman342 Updated 

CADCHF Market sentiments are 90% long The price is forming a higher low and it seems like bouncing off from 50% fib retracement point. So, we are planning to buy on a HL. Stop loss will be the last HL. TP3 is at the point of ABCD completion.

Salman342

Dollar index getting weeker and Aussie index getting stronger. Price seems like respecting the daily support. Higher low formation on daily time frame. Time to take a long trade and ride the bullish trend.

Salman342

EURUSD on a strong support zone. Trend line support also is there. 50% fibonnaci retracement done. And a formation of a bullish Engulfing candle. Price action is the king