We have just closed a Monster long position in EUR/USD with a RR Achieved of 1:29.
We have banked + 29% ROI since 4th July 2020. Using strict risk methodology of -1%.
We have 10% left running on our long EUR/USD with our stops adjusted, locking in positive R Also.
This trade was a combination of Wyckoff methodology, Price Inefficiency and Order Blocks....
Today’s analysis – NWCUSDT – testing daily S/R with a valid liquidity run, swing high is the immediate target.
Points to consider,
- Bullish trend (consecutive higher lows)
- Swing high ( trend pivot)
- Daily S/R (immediate support)
- Oscillators divergence
- 200 MA support
- POC liquidity run
The immediate trend for NWCUSDT is considered...
Gold is trying to buy after the enormous drop from this morning. The banks see the liquidity happening in all of the buy orders and stop losses around 1945. Gold will buy until around 1957.50 ish (also .618 retracement) then it will sell straight through to around 1935- 1940 to take out the liquiity that has been forming for the last 2 hours.
Here's a better...
Milton Friedman's Money-Supply Rule:
Growth of the Money Supply << Rate of Growth of Real GDP = Recession
--There is not enough money to buy what has been produced.
Growth of the Money Supply >> Rate of Growth of Real GDP = Inflation
--There is an abundance of money and not enough goods - prices will rise
Growth of the Money Supply == Rate of Growth of...
There are 3 pockets of sell side liquidity right below us, which are ready to be raided!
Short term : ICEUS:DX1! will head lower in search of liquidity
Long term : ICEUS:DX1! will go higher once liquidity pockets have been raided.
Also, lower DXY means higher S&P in the short term, lower in the long term.
Cable lately broke a pretty significant trendline and weekly support. I am looking for price to come to my liquidity are and pickup some orders before we could see a trend continuation. Targeting next weekly key level to be met at 1.28135. Always remember: Trade with the trend and higher Timeframes #tradesafe #theforexdaddy
On this pair, a bullish shark harmonic pattern is spotted and D leg aligning with institutional level at sweep of liquidity pool.
If you find this helpful, kindly drop a comment below. NOTE: This isnt a trade signal but for educational purpose.
Broken trendline & broken support, this pair will absolutely melt. Looking for a last tap on my small luqidity area before moving any lower. This setup is aligned quite nicely. Watch out for PRICE ACTION! #tradesafe