Beautiful B&R setup occurring as we speak in gold and we are entering on an inside bar break down. Lets see what happens
Break and re-test sellers ruined. Breakout buyers ruined. That is enough liquidity to now create the next leg to either the upside or the downside. I believe the next leg will be to the upside as projected.
USDCHF has met all requirements for a break at retest in the same direction of last nights Asia trade. Lets see if they allow this one to play out to at least 2R
USDCHF has clearly broken a short term downtrend line, and retested a broken structure with a nice reaction. Lets see if we can go for 2R
Price has carefully remained above broken structure as sellers were depleted. Lets see if we get a nice push up
GU has also completed a harmonic pattern but this one we were not around to catch as a limit, however we have spotted strong structure and momentum reaction so lets go for it and see what happens !
NU has retraced heavily right to a solid break out structure and shown us enough in price action to justify an entry. Lets see if it can give at least 2R
Second and last trade activated in this London session was a reversal setup and entry with all playbook criteria met. Lets see how it goes its moving fast
Provided that price jumps thru our buy stop we can take this setup as our simple 'Break & Retest' paired with our depletion/momentum entry signal and go for at least 1:2. Higher level buys seem to be stuck around 132.6 so we can use this as a guide for initial profits. Lets see if it plays out
GC is setting up for a great potential move and has even met requirements for a couple different playbook setups. Lets see if GBP strength continues tonight
Normally I try to stay out of NY bcus thats usually when my baby princess will randomly wake up :) However, she is sound asleep and AU has given us the textbook of all textbook trade setups. Lets see if it can fall along with our EU trade from London.
This London session has provided a beautiful setup in Gold as it seems to want to continue its push up. Classified officially as our B&R playbook trade but it could also be a breakout trade had we entered on the big bullish candle. Anyways on we go, lets see what happens
Break and retest setup criteria has been met and we will use the latest rejection candle as our entry signal to try to gain at least 2R from this trade
UJ has clearly broken trend line and finally pulled back to test previous support turned resistance. Seeing how buyers seem to be depleting over the past 2 candles, I will try to get at least 2R from this setup. Lets see how it plays out
JPY pairs seem content to continue to push upward and we can set a buy stop in case this hypothesis is correct, to join the next short term move up for at least twice our risk
STORYLINE: Monthly: Bullish Weekly: Bullish if a weekly candle closes above 24300$ Buying: $23300 $22150 $19500 $17150 ...if the following criteria is met: * a weekly candle closes above $24300 (current 1W closes at 19. MARCH 2023 00:00) ft. dark web snr
GJ has painted a beautiful long setup on both the 4H and the 15m timeframe. Currently used inside bar breakout and break and retest setup to enter. Lets see how it plays out
As it can be seen from the chart, GBPJPY broke a critical resistance price level which has since then been retested. Evidently, it has successfully retested that level which has now become a strong level of support. In conjunction with the break and retest of the key level, GBPJPY has broken out of a bullish falling wedge pattern, increasing the probability of...