So here we have equal highs that are viable for stop raids and will continue the narrative of a LONG USDCAD scenario to be continued to play out. After the equal highs are taken we look forward to a decent to the downside giving way for other currencies against the Dollar to recover.
Smart Money Concept. How the banks trade your money
EURGBP TOOK OUT LIQUIDITY ON THE 4HR TIME FRAME AND THEN DID IT AGAIN ON THE SMALLER TIME FRAME (30 MIN) WE MAY WITNESS A STRONG PUSH DOWN
Check my previous post as to why, but here we have the same scenario. Lets see how both pairs play out. Previous post -
Been away from trading due to holidays (Thank you Isreal you were amazing!!) So here we are in a long term descending channel from a higher timeframe. Price will most certainly reach the top and re-test it. And during this long term channel, we have a shorter ascending channel with a perfect place to enter. HOWEVER... If it was only that easy ever retail trader...
I'm expecting price to return to the long term descending channel as there is a lot of liquidity there for the taking. I expect this to happen via the channel breaking (wiping out stop losses) then price to continue downward. I have a trade idea already generated before price even reaches that destination, so when it does I am fully prepared for any...
Smart Money Concept. How the banks trade your money. Update from the very last AUDCAD Long setup. Enjoy :)
WHY KBE? KBE - tracks an equal-weighted index of US banking stocks. Meaning, The big boys (Banks) and the smaller ones gets an equal -weight. With small cap ( IWM ) leading the major index last week and the finance sector ( XLF ) being under the radar with good earnings, we might c a major breakout 2 the whole finance sector. In the technical point of view'...
So what i'm looking for in the DXY Narrative is some decrease in supply and more demand in other words institutions have met their supply levels and look further to sell DXY as Demand increases for discounts on the Dollar. This will affect every Dollar based pair so look for the disparities in price!
Hello Traders ! Happy Profits on GBPJPY. Final Target is the Demand Zone. I hope you enjoyed the explanation and the Analysis. Let me now in the comment section below your view on GBPJPY and what you think about my Analysis. Please leave a Like Thank you and we will see next time - Darius.
Hello Traders ! Nice move on USDJPY. It broke through the Resistance/Supply Zone. This was not a surprise actually. A lot of people saw that "nice" Resistance and jumped into shorts. USDJPY is currently near at a Supply Zone. Watch Price Action for the Entry and Confirmation. Hope you enjoy my Analysis. Let me now in the comment section below your view on USDJPY...
Canadian bank stocks haven't really moved in 2 years. This consolidation has confused both bulls and bears, but it will come to an end by the end of this year (2020). Breaking above the all-time high will be a big buy signal, as it will indicate that the cyclical bull market is still intact. However, breaking below the major upward trendline will confirm a change...
I did personally did not take this trade. After watching videos on learning how banks and institutions trade, I decided to try and mark out liquidity zones on Gold and drew my analysis. In this process, I realized that these moves happen all the time in the market and everything started to click. I intend to become more well-versed with institutional trading...
Banco Santander looking like an interesting setup for a long term trade. It has broken the downtrend and it has broken horizontal resistance. Full disclosure I have been long since 3.80. I may add to my position if it holds support at 4.22
NYSE:DB Entry - $7.60 Target 1 - $8.30 Target 2 - $9.65 Target 3 - $12 Stop loss - $6.79 DB is at an important Fib level as well as showing Bullish Divergence. Be aware that this is a contrarian play and a countertrend trade. However, this area has a good chance of being a medium term bottom and we might be catching a trend reversal here which can be very...