GBPJPY is due for a wave up. However I believe before we get that massive wave up the market will protect structure and will want to break the previous low to also gain liquidity.
Previously AUDUSD was due for a down wave that was fast and sharp. However, the market has not protected that structure and price is beginning to seek a Weekly level Supply Zone. Therefore the structure has changed. I will continue to look for a sell but at higher levels. Meanwhile, this trade setup is presenting itself on a 4 hour time chart. I will look to long...
These are the key levels to watch in Bitcoins macro view.
USDCAD is currently in a tight range.. Almost all pairs are ranging. Therefore before the release we do not have a clear direction. Banks will eventually want to drive price back down to high Demand Zone. However, before they do that they will attempt to accumulate at these levels or even higher. Therefore you Stop loss should be tight. Until then, we are trading...
Wait for price to use the liquidity it has gained from breaking it's previous low to rise up. That last break of the low has only created a Supply Zone at my entry level. Once price is in that zone, I will update when I enter in the comments section below. I look for a specific patter and entry when entering my trades in those zones.
Good morning everyone. It´s been a while, sorry for that, but privately I am involved 24/7 thxn to the challenges that Covid-19 had for all of us. Anyways, I feel it´s worth to make an Update on the weekl now, since we have reached not only a key-level, we also slid into a typical stall. At the moment there is still room to the upper trendline, but 10k again...
As we can see in the M15 chart the price created a new demand below, This demand seems like a great continuation level for the bullish momentum. I'll buy on the first touch of the price and the final target for this buy position will be 1.2320 zones.
Nas100 has a major dip last week to 8900 and bounced back above key level at 9300.. a continuation of an uptrend here
If gold doesn’t break below key level 1725, it will continue into an uptrend
I will be seeking a buy on EURJPY this week. It has bounced form a important key level and daily demand zone. I will have a tight stop loss on this trade because I'm using the Hourly for entry. However If I get stopped out, I will wait for the penetration of the Demand Zone and then at the open of the next hourly bar, I will re enter. There are circumstances where...
I posted a setup based off of structure from last week. However BFI (Banking and Financial Institutions) are confirming this up move before the leg down. Therefore, we are now set up at another level of demand for a buy. I will place a Limit order. Two positions. I will TP1 at the tp zone and the other I will trail my stop to 111.000 zone.
Many retail traders are selling in this area. However this area was of great significance. Being a Monthly Key level, and Demand Zone. I have placed a buy position on GBPAUD to the next Supply zone that has been created last week.
Before we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated. Since the strong decline between the 8th and the 12th of March, COINBASE:BTCUSD has been recovering in a healthy fashion. Drops like the one last week look bad temporarily but are...
Follow the digits and wave structure
Seeking a move down on AUDCAD. I will enter when price is telling me to enter on a smaller time frame. After TP if and when it hits, I will Break Even on my stop
SHORT EUR/JPY, ***IF there is a clear rejection at the 61,80% level of the fibonacci, wich is on a monthly key level. The market broke the monthly key level above (orange zone) and is now retesting it (it should now act as resistance). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
Wait for price to come back up to the entry level. Then place a position to sell. the best probability is a liquid stop hunt then placing a sell position above the previous high.