This setup would have worked quite fine but price decided to target last week's lows for liquidity runs. I hadn't anticipated that since I expected those lows to be run during a news event. However, I had warned that the setup had quite a high risk attached to it.
I had marked that particular zone as a potential resell zone two days ago and it activated but there is no presence of market makers. Instead price is consolidating which means that they are accumulating retail traders entries to act as engineered liquidity for their large positions. So when they have enough retail traders positions they'll most likely spike price...
Since US30 doesn't show any bullish impulse on 15min and other lower timeframes, I think it might trigger buy orders at the 1H order block below the current lows and rally to fill the 4H volume imbalance. The setup offers a 1:2 R:R. USE PROPER RISK MANAGEMENT
This is what I think might happen on Nasdaq but please note that THIS IS QUITE A RISKY TRADE AND MIGHT FAIL TO PLAY OUT.
Gold is supposed to drop a bit further but since it has started a consolidation, it might move upwards to sell at a discounted price which I think might most likely be at the 1H OB which is my potential entry price. The OB is also at 61.8% fib retracement level which counts as an optimal entry. The setup offers a 1:3.5 risk to return. SL and TPs shown on chart....
We also had this DXY bullish setup which is playing out well
The potential sell on gold missed the entry by about 125 pips. That usually happens and we just have to accept it
Had posted this in the morning and it worked out well. TP1 was hit which is 110 pips. That's more than enough pips for a day. If you want to keep holding make sure you move your stop loss secure your profits. There is a momentum bearish engulfing which indicates potential bearish continuation. I published a post on engulfing candles entries and you can use the...
Potential movement of gold price on 3H. The first take profit gives 1:2 R:R and the second gives 1:3.4. USE PROPER RISK MANAGEMENT
We have an alert for a sell on USDCAD. Trading on the 30M timeframe. I'm using my POW EDGE reversal strategy for this trade idea. Little red arrow is entry point. Red trade label shows trade details. Green lines are TP and purple lines SL. Stats for the strategy can be found at base of idea. Chart shows previous trades from last week. Strategy is in a...
The range was formed and confirmed after the first two range expansions which would have stopped both the bulls and bears out who were short-term holders. Since then we have traded within the range and once again expanded the range. Whilst price is below the Weekly open, I am looking for reasons to get short.
Ascending channel formed on the daily was broken, price action has could not be contained so has broken support zone. Lower lows and lower highs are on the horizon. Be cautious as this pair could be quite volatile. Tight stops and let winners run! Contact me for a copy of my Forex Route for Investors Book Happy Charting!
The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry,...
audjpy has the potential to form a rising wedges pattern, this provides a good opportunity to buy and continue the decline, an upward impulse wave will provide an impetus and destroy the supply area that has been used many times and will empty it
usdcad is preparing to form a fakeout pattern with three resistances and a fairly small fakeout area. I'm trying to minimize my area to get a good enough area. From the h4 timeframe I scaled down to the m15 timeframe and found a point that was quite optimal with low risk. enough to use SL only 20 pips with a high risk reward ratio of approximately 1:10 note :...
hi usoil can give a short position for 1:2.5 RR but dont forget i publieshed another post for long position check the post carefull: this is countertrend position so just 0.5% risk involving is logical
I see quite good potential for nzd cad with a clear upside potential towards 0.86996 and can form a fakeout and continue the decline in the supply area of 0.87416
cadchf starts to move down? yes, of course I think it will go down because it has reached the h4 resistance point with the nearest target at 0.72310. if you can't have a position it looks like the latest demand position will give you a good position