The market BROKE the Bearish structure weeks ago ,then returned to the Origin .... Going for a long Buy
PRICE RETURNING TO FEEL THE IMBALANCE BEFORE MAKING FOR A SELL
Last week GBPJPY gave us a strong reaction off that weekly OB mean threshold. I wanted to get in this trade I idea when I saw this happening but didn't want to risk too much so I chose to let it play out. It's been showing a strong reaction which is good, I want to see the market drop to the 4hr for the buy set up and constantly watch it. If you look at the chart...
Price is pulling back to a 15 minute order block (refined to 5 minute). I am looking for price to retrace and go long to fill previous imbalance marked as the outlined box. I then used fib golden zone to add extra confluence. This is my first time trading XAU/USD so we'll see how it goes!
Price is pulling back to a 15 minute order block (also refined to 5 minute). I am then looking for price to retrace and fill in imbalance marked up as the outlined square. I also used fib (golden zone) for extra confluence. I am not usually a gold trader this is my firdt ever gold markup so we'll see how it goes!
I really like this trade idea to the upside. With that reaction off of the daily OB I will take that as a confirmation that we may be in a intermediate term low. Of course depending on what the DXY does for the rest of the weeks to come. I like the idea of the market coming down into the OTE which would be the blue zone and then continue on up. If this happens...
Hello all that are reading this. As of right now I'm bullish on EURAUD long term. I would like to see the market hit off of the bearish OB that is right by the OTE yellow zone that I have highlighted. It is simply the range from high to recently low where I think we have a high chance of catching a nice sell off. Now if the market does not trade up and just drops...
TRADE IDEA FOR LONDON, looking for a bullish GBPUSD to trade into the 4hr OB. I will update later during the NY session. Too focused watching price action right now. Enjoy.
This is what I'm seeing for the dollar currently. It would be nice to see it hit off of the daily FVG or if not the 4hr OB. I hope the people that are reading this have already seen what I try to do with the DXY analysis and how I use it for EURUSD and GBPUSD. Later on during the week I will try to send out another idea. In the past I always forget to send out the...
Short on CHFJPY Next week CHFJPY in Parallel channel Anticipating positive JPY trade balance news to drive CHFJPY down.
Order block on AUDCAD Price at a critical level 0.95000 Price at support resistance level Price clear to break trend, equal lows below. One entry at market execution, second entry at 0.95100.
Since EURGBP has been showing that it bearish and respecting resistance levels I am bearish for the time being. The market has respected the first bearish OB on a daily TF and has closed under it. Also creating another Bearish OB near the first one. I would originally like to see the market make the Tuesday high of the week and continue to drop. Maybe that won't...