I looked at this yesterday and shared it with the DT Academy students, I decided to share this with you all. After the break-in structure from the upside, liquidity was hunted lower and there is now a break in a market structure that makes it viable to enter the trade once our requirements are met. Since liquidity has been cleared we wait for the price to go...
HH HL Retails Trapped Monthly & weekly trend also up.
GBPAUD is moving North too along with #EUAUD. If GBPAUD crosses 1.79351 then the next possible resistance level is : 1.79622 and further we could see it reach 1.80041.
Looking for 3 different positions to catch the impulsive moves on the Elliot's wave! Price is overall ranging (bouncing from support --> resistance) Steps we're looking for: 1. Price to respect the key level 2. Reverse into a uptrend 3. Break of key level then retest for a entry Move 1 Move 2 ...
Hello traders. Our strategy presented this trade a couple of hours ago. A EURGBP trade I covered earlier on has already hit take profit now we are hoping this one can too. We are working the H1 time frame with the strategy set to a risk reward ratio of 1:4. The strategy itself is based on 4 individual strategies all lining up for extra confluence. The 'BUY'...
EURUSD H1 -Strong Downtrend - Wait for retrace - Need candle Confirmation =Sell signal
Price is approaching daily resistance and a swing easily could be made. Upon brake of structure at 1.21535, and a confirmation on lower TF I will enter a trade according to my strategy.
Reasons- Stop raid Upper trendline Macd bearish divergence
Elliot Wave Daily, H4 & H1 Trendline support Key Level OB & LaunchPad