Looking for a short position in this zone Price action is key Instagram: CrisQPips
Seems like the downtrend is about to become an uptrend. Good buying spot here at 132 DKK in my opinion, I would put my stop loss at 121.8 DKK as indicated by the black line.
4 Previous touches on that trend line, and now some bullish candles appearing. I bet a lot of people are wanting to join in right about now. And if you are tempted would your stop loss not be where I have put the trade prediction? Well if I can see that, big banks and institutional traders who get paid a lot more than me can see it. Apples for the taking (I...
Banks selloff lately has been big. Is this a potential falling wedge on the banks?
The price should be back to Demand zone exactly where Bank make an order If you have any questions please leave a comment
Did you just hand back over some money to the market after what you thought was a great entry? But why, that "support" looks fantastic? You might have thought; Multiple touches in the past, strong zone. Price created some nice bullish Price Action, it must be bouncing off the support. We had a huge strong move up not too long ago. This is accumulation within that...
Buy Barclays (BARC.L) Barclays PLC is a global financial service holding company. The Company is engaged in credit cards, wholesale banking, investment banking, wealth management and investment management services. Market Cap: £29.60Billion Barclays appears to have completed an inverse head and shoulders bottom pattern back on the 11th of October 2019. The...
Potential reaction off of an institutional play with the yellow zone highlighted, we may see this move happen for multiple reasons such as also being in my kill zone area which is between 62%-88%. This trade may happen before market closes however most likely next week let keep close eyes on it and if you see an opening take it. This is a nice 3:1 ratio trade...
I believe EurAud will drop simply because it’s formed a lower low and a lower high on the daily timeframe, hence a bearish structure. The reasoning behind my entry, is because there was a liquidity capture with that institutional candle (highlighted yellow candle), clearing equal highs (highlighted red ish). The specific entries are at the body and 50% of that...
As we can see the black area indicates a potential zone where retail traders are tricked into going long by the illusion of fake support. Large institutions and experienced traders know most novices will have their stop losses just below this level. Institutions and banks manipulate these levels and take out stop losses to gain liquidity in the market. Once a stop...
This could potentially turn into a stop hunt. As we see price created the illusion it was bouncing off support (see the blue arrow), and has now returned and broken below. 95% of retail traders are told to buy at support and sell at resistance.Guess where they are also told to place their stops? Right at the dollar sign. Liquidity the banks need to fill their...
Here is the follow up to the previous post and the prediction I made. NZD news helped reach the target faster. Amazing R:R of 6:1 as the stop hunt was very shallow, but that's basically how it is done. All the people who went long earlier and got stopped out must be feeling pretty sad now. I'm happy with this trade.
Firstrand is starting to look tired here having reversed off the first big resistance level (R69-R70) as well as trend line connecting the stocks all-time high from MAR 18. My biggest concern is that the rally from the lows in August has taken place on declining volume which doesn't give me a great deal of confidence in this rally. Secondly we are starting to see...
www.newyorkfed.org Repo has been the talk of the town lately, and the Federal Reserve has so far downplayed the issue at hand. Fed chair Jerome Powell did mention this problem in his last FOMC press conference, but again told journalists and viewers that this is not quantitative easing (QE). Repo and QE both inject money into the system. he difference is...
Buy Lloyds Banking Group (LLOY.L) Lloyds Banking Group plc is a provider of financial services to individual and business customers in the United Kingdom. The Company's main business activities are retail and commercial banking, general insurance, and long-term savings, protection and investment. Market Cap: £40Billion Lloyds gapped higher this morning and...
(Be ready for what the market as offer)
Here is something that I am currently waiting for to play out we are in a distribution phase on GBP AUD Will be looking to take this to lower prices to clear out all liquidity down below follow me on Instagram: @crisqpips
Sell RBS (RBS.L) The Royal Bank of Scotland Group plc (RBS) is a banking and financial services company. The Company provides a range of products and services to personal, commercial, corporate and institutional customers, through its subsidiaries, The Royal Bank of Scotland plc and National Westminster Bank Plc (NatWest), as well as through other brands,...