UJ has reacted nicely off 618 fib and we can take the trade using momentum breakout setup for at least 2R. Lets see how NY plays out
GJ has played into our harmonic gartley buy limit perfectly. SL used is our system's ATR. Lets go for at least 1:2
Our second setup of NY also points to GBP rise but against the USD. Price has reached critical ABCD and Fib Ext level. Using our proprietary ATR for SL. Lets see how NY treats us
While we are going against what it seems like the market is doing, our setups could give the opportunity to entre at a great price while majority of traders are in fear of getting stopped out or faked out. But we cannot predict, only execute. Let’s see what happens
With the reversal of several majors against the dollar, lets see if EJ harmonic setup has enough gas to get us to 2R
Taking a quick market execution long on EJ following a break of our RSI moving average with confidence that EUR is showing strength and JPY weakness across the board. Used our playbook setup "BOBBI" (Break Out Break Back In) with momentum as our entry criteria. Asia and London have treated us well, lets see what NY has in store
NY seems to have taken a bias to a weak dollar and this falls in line with our reversal setup using momentum for UJ
Gold has broken a couple downtrend lines, and now seems to be supported by resistance turned support based on inside bar break up. Lets see how NY behaves
GBP strength is in line with our BO setup on momentum. SL below breakout candle
618 Fib Setup entered. Using mobile, not at desk so can’t go into much detail
Let’s see if this relative 618 level holds as it is also backed by structure it is usually one of my most consistent setups. If it doesn’t and price continues uptrend the next best place to enter would be the bigger 618 from the very bottom of the consolidation
Lets see if this structure break and retest plays out according to the potential ABCD/fib extension
With buyers continuing to hold the line, we might see the big pump we expected with our earlier setup. Big picture shows major consolidation with a lot of stop losses to take out above 84.40. Let’s see if this BO setup provides the goods
Price has come down to trigger stop losses and now has qualified for our reversal setup after failing to break a new low. Let’s see how it plays out
There it is so price has pushed down towards the bigger 618 from the very bottom of the consolidation and we must add and entry here so that if price is going to follow through on the uptrend we can capitalize using a solid setup
using the PO3 ict concept. IPDA took out Asian Range High and broke bullish structure leaving a fvg on the 15min. I am going to utilize that fvg as a premium array for shorts targeting subsequent lows for sellside liquidity. Note we have NY Midnight open price just a little above subsequent encroachment, let's see if price will tag that and trade lower
Here is my analysis based on price action during the Asia session and London session, it appears we are retracing after making new lows. This means we have a temporary relief of HTF bearish influence and can possibly expect to see some bullish price action today; but it is certainly more risky to buy than to sell gold right now given the current macro economic...
eurusd is long because of demand and bos breaking. looking for longs till the nezt imbalance