Just some out-loud journaling of what I see in the USDCAD. Anticipating a run above last week's high and likely Sept's high. AND MAYBE into the clean shelf just to the left. Surely not an unreasonable expectation as per the weekly ATR and fact that some LQ gaps are still open :) Be well.
W' Pattern being formed creating a double bottom for lidiqty below. We have an open order, liqidity to capture and imbalance with a gap in the market to fill which gives me positive signs to the upside short term before we see a potential fall to the next open order below. As always...... PATIENCE - CONFIRMATION - ENTRY - PROFIT
In reference to this plan below, the pair didn't exactly stay inside the range but there was certainly a bull trap/stop hunt/liquidity run above those levels. I am anticipating the price would reach the 20-week AWR downside projection this coming week. Based on this anticipated move, I need the price to tap into one of the levels I marked on the charts, to...
Still waiting for this GBPUSD to reach it's 61/78% discount zone before I look to buy. We have a lot of liquidity sitting below, topped with open orders and some imbalances to fill so this give me the impression that the market needs to close these things out before heading back up. PATIENCE - CONFIRMATION - ENTRY - PROFIT
If one of these price levels holdl, I'll be looking for a retracement to the upside to fill some imbalances and scoop some liquidity before heading back down to mitigate out of some open orders.
With the last equal low below soon to be taken out the market has left a lot of liquidity pools above combined with imbalances and mitigation zones. By identifying institution candles also this trade is a high probability set up for me as i believe the upside targets must be taken out before a continued downward move. I plan on holding this trade for as long as...
I am intraday bearish bias for Sterling today (both technical and fundamental rationale). I have marked levels that, if reached, will wait for a bearish signal. Price could go further down without tapping in these levels, which I would not chase. Let the price comes to me. The daily range yesterday was small compared to the 120 pips 20-day ADR so I am expecting a...
Yesterday's trading range was 70-72 pips whilst the 20-day ADR was 102 pips. In a day when there was a risk event (political) and there was a stop hunt spike during the London session, it is indeed a bizarre day. After a "missed" day, I always anticipate a price expansion within 36 hours. I am still bullish on Sterling hence I am still waiting and looking for a...
Liquidity captured and now we're looking for a run to the downside. We should see 1 more move to the upside for mitigation to happen before the big fall. Wyckoff distribution schematics playing out well so far also. As always..... PATIENCE - CONFIRMATION - ENTRY - PROFIT
Were getting close to our ultimate distribution zones and I'm looking specifically at 3 possible entries for this to fall long term. Wyckoff distribution phases playing out quite nicely also. so sometime this week we should see the drop off to the open orders from the 31st July 2019 starting the price level of 1431.25 It's nearly go time! PATIENCE - CONFIRMATION...
Sentiment/fundamental rationale tells me to look for short signals only this week. It is reported that the market is starting to price in RBA rate cuts on Oct 1st (81% as of now so plenty of moves to be had) Technically it is very obvious, at least in an intraday context, AUDUSD have been trading lower and now in an intraday bearish trend. Since I am bearish on...