• If price pushes up to and ideally just above the second touch of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements...
Waiting For a pullback to retest 131.124 to short USDJPY back down to lows at 127.610
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Waiting For a pullback to retest 1.76357 to short GBPAUD back down to lows at 1.72003
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Waiting For a pullback to retest 0.85815 to long NZDCAD back to highs at 0.87116
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Waiting For a pullback to retest 1.08668 to Long AUDNZD back to highs at 1.09871.
If you agree drop a like and if you have any questions leave a comment :)
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait...
• If price corrects and a tight one hour flag forms, then I'll be looking to get short with a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Review: This weeks agenda was short covering, market got too short under 3930 and we used the covering do drive us higher to our bigger supply areas where we can find more selling. We have successfully arrived at our next bigger time frame supply level. Wasn't an easy week to trade as they didn't make this move up as fun for everyone but levels held nicely...
Potential intraday setup lining up on GA Price on the 4H and daily TF is in a nice downtrend and recently broke below a significant level of daily support... the market has since made a retracement to retest the zone as resistance. There is also a wick to fill down from yesterdays Daily close giving us added confluence.
From a LTF perspective what I'm looking...
Waiting for a pullback into 97.799 to short CADPY back down to swing lows at 94.769
If you agree drop a like and if you have any questions leave a comment :)
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait...
Bias: Bearish Chop
Top Watches: Tune in to my Live Stream @9:50 EST for my list of top stock watches
Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
Bias: Choppy Bullish
Top Watches: Tune in to my Live Stream @9:50 EST for my full list of top stock watches
Follow @JLaing for a timely morning bias of the market, top stock watches, and live day trading every morning!
🖥️ We have determined there is a 65% chance Bitcoin will Fall from our current entry point.
📉 SHORT - BTC : $20,950 📉
💵 Length of trade: we are expecting BTC to hit a $550 scalp, with a high end of $1,400, and a minimum expectation of $250.
🕰️ Duration of trade: we are expecting the minimum target to occur within 6 hours. Then we see the rest of this trade...
we have seen price is still on upward trend, structure is till maintaining the 78.8% fib level and continuing to our target of -21%, currently we see price retesting the 38.2% twice , and support still respect , lower timeframe like 15min we see break of neckline indicating transition from pullback to bull contiunation
Nice risk to reward
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After a massive Selloff, we now seeing finally finding support and we begin the rally to upside, we see a nice respect of 61.8% fib level and breaking the neckline of of double bottom and massive bullish momentum which give as a nice confirmation for a nice continuation to -21% level
wait for a nice retest of the broken neckline for entry to upside
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