As you can see, since the 20th of September, the market has been ranging and generating liquidity for the FOMC to go smoothly and trap all sellers and buyers.
We can right now see that the momentum is to the downside. I have annotated with a W1H what I think to be the potential Weekly high, so we can be expecting new Lower Lows from now on.
The potential level...
this trade has a GREAT Risk to reward ratio.... It is heading in a downward channel, it was broken multiple trend lines and is following a bearish pattern.
This is a great time to sell with a low risk to reward opportunity. Want trades like this daily? Simply follow me! :)
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
When we use correlation i spot that GU and EU are moving on the same direction same as yesterday setup i shared with community AUDUSD with AUDJPY both have the same setup and we are now in blue on AUDJPY lookingt forward for nEURUSD to be matured at NEWYORK session if price will gain volume during NEWYORK our pending order will be triggered
Some people are requesting for intra-day setup this is just a counter trade so as to do hedging when price will reach our long term SELL SETUP ...so be careful cause counter trade is too risk anytime bear bias may kick in and spike you out risk management is the key
Having seen the possibility of price going to the upside, the price took out liquidity below the last swing low and structure broken, liquidity spotted above the price level. The dollar on this is set to be weak leaving the euro with a bullish opportunity.
The bearish rectangle is a continuation pattern that occurs when a price pauses during a strong downtrend and temporarily bounces between two parallel levels before the trend continues. In this lesson, we will show you how to identify the bearish rectangle and use it as a possible selling opportunity....
Hey guys! Today we are looking at the forex pair EUR/USD
Our directional bias is bearish.
Objective: Sell high - Buy low
Wait for some buyer induction aka bullish fakeouts before initiating any shorts.
Keep in mind nothing mentioned above is a financial advice, only you will be responsible for any profit/loss
Good Luck Guys! <3
After we traded the massive push down which gave us at the FXTD Academy 1:17 Risk to Reward ratio, we saw price purge liquidity to the downside and mitigating an order block. We saw market structure formed and saw the possibility of price going up thus, we made the prediction and accurate entry was given and BOOM! here we're Target Smarshed with +61 Pips profits...
The GBP against the USD was a good scenario to behold. After price took liquidity to the downside, trading into our point of interest with all full confluences met on the lower timeframe, gave us a buy opportunity. Price moved rapidly to our target counting +117 PIPS with good risk to reward ratio without further drawdown.