After almost 5 weeks in a ranging market, GBP/AUD looks like found its direction.On 31 August a new Lower Low was created and market pulled back on 61.8 fib retracement and liquidity zone and daily resistance. Looking to find short entries on this pair and ride it up to -0.27% extention. #tradesafe
HI EVERYONE, I'VE BEEN LOOKING AT THE CANADIAN DOLLAR / JAPANESE YEN SINCE THE BEGINNING OF THIS WEEK. I THINK THE PRICE WOULD BE HEADED TO THE DOWNSIDE. ON THE COMMITMENTS OF TRADERS REPORT, INSTITUTIONS ARE SHORT ON THE CANADIAN DOLLAR AND LONG ON THE JAPANESE YEN. I EXPECT A FURTHER PUSH TO THE UPSIDE TO GRAB THE STOP-LOSS THAT ARE ABOVE THE TWO EQUAL HIGHS....
I believe price will gravitate upwards, towards the buyside liquidity resting above the equal highs shown on the chart. There should be further confluence on this idea, if the DXY continues to move lower.
Price just left the major demand zone formed by the breakage of the major demand zone. The first time it came to the area it broke back into the downside of the supply zone but did not stay there. That was a liquidity pool. It then made a bullish impulse before coming back into the supply zone to "fetch" more buyers. The bullish engulfing pattern (H1) and pin bar...
Good eveing -Yurlo (Please hit that like button if you appreciate the calls & content I've been sharing with you guys) 👍 👍 👍 👍 👍 👍 Considering we've broken the 12075 prior resistance - we've seen quite the pump today just after the weekend but now that everyone is long and screaming for "moon" that's exactly what isn't going to happen...YET. The liquidity...
Price has come to an institutional level of demand which it has reacted from. A lot of breakout traders on the lower time frames are selling right now therefore price may trap them and go long to target Liquidity Pools to the upside where I may look to take profit. Good luck! -This is a speculative setup, not investment advice.
Made a retracement back down to the previous structure high and yes, we have entered an accumulation range. Should get a few more test of the lows near my entry before we attack the highs.
EURUSD has been consolidating in around the same area. The EU financial woes during this pandemic will potential trigger a downside. Waiting for a breakout before we enter the trade. EURUSD peg is very likely before the end of this year
OANDA:AUDUSD still looking at a short for aussie , temporary bullish retracement - price sitting on a propulsion block - claimed h4 sell side liquidity - price should reject off -ob and continue the trend - entry/reentry around mid figure 0.69000
Another 2 zones hit, retest of order block expansion price followed by a smooth move up in price to the next key liquidity line outlined.
GBPCAD is showing strong bullish movements after hitting off of a weekly bullish order block. Im looking for the market to drop about 30 pips around the daily oder block entries, depending on what EURGBP does during London open. That will be my main indicator on if GBPCAD will be a buy or not. Also I see the buy side liquidity pool has been created over time with...
Our order blocks for the US30 WALL ST Index are working perfectly! Are you short or long?
A quick update from the previous markup on this pair, we had a 113 rally of the shark D leg whick was initially a 88.6. This was quite expected though as we has liquidity right below and has been taken out now. we have a baby shark pattern approaching at CMP and expecting a drop base Rally kindof move to form. The baby shark pattern will be reviewed on a lower tf...
On the dollar index we can see a beautiful bullish butterfly pattern just completed an we expecting a rally to occur for the week ahead. This also congruent perfectly with liquidity pool being taken out.
Eurusd looking pretty much read for a drop, price approaching D legs of the bearish shark and deep crab which alighs perfectly with a supply base from history and as well liquidity pool being taken out. Here's my point of view, let me know what you think in the comment session.