Looking at this as a possible long entry on EUR/AUD. We can see that we have made relative equal highs in two clean areas and the third tap of a trendline indicating from a retail perspective to short this market leaving a lot of liquidity to be raided to the upside also, a nice 5-minute head and shoulders was created enticing more retail traders to short. Good...
EJ has been ranging for the longest time and after recently creating a high at 127.080 that high has been retested and respected. Followed by a strong bearish candle on the Daily time frame.
To confirm the bias I would like to see:
price break past and possibly see a close candle under 125.690 then;
retracement back up (no higher than 126.500) for a smart...
RECENT FAKE OUT WITH THE HEAD AND SHOULDERS BOUNCING OFF NEW 4HR SUPPORT MAKES PROMISING NECKLINE BREAK FOR A PUSH TO THE 4HR RESISTANCE.
WE SEE IMBALANCE ONTOP FROM THE INSTITUTIONAL SELL OFF! BREAKING THE PREVIOUS HIGH IS EVEN MORE CONFIRMATION GOLD TO MOVE AND FILL IMBALANCE !
I try to keep my trading to a minimum and only during certain times. At the end of London is one of them and though I failed my EURUSD call last night, It was my fault for not checking the calendar on the financial status of the euro's interesr rate, I believe it was. As it was coming down just around London close I noticed an odd candle at the perfect spot I like...
Price has been moving in a channel, it has broken out of it and made its lower lows, retested the channel and dropped to make another low.
I see it coming to premium price of demand zone/resistance. Strategy is based on smart money with wyckoff, however other methods are also used for confluence.
Fibs are drawn with RR instead of levels. May hold if price...
This market has been steadily moving sideways for the last 8 hours, indicating, to me that there will be an opportunity presented in the near future. Whether it be tonight through the London session, or in 7.5hrs for the New York market to open, the opportunity is there. Personally, I notice on the 4h TF, there is loads of liquidity sitting at the 1.74500 level...
Hello traders, GJ did a retest on the trendline and currently trying to push and taking liquidity. Be sure to look for patterns and basic market structure. Thanks for reading!
The old me wants to buy it because it fits the trend-line/channel. Also, the double top doesn't help. I know that once we get near that double top it's going to break it. But everyone else is buying right now, thinking the same thing and that's why the smart money signals are telling me to sell soon. There is a breaker and an order block just above this...
As it was nearing the highs, I put a small lot size on at 1.33104 for 10 pips to 1.33204 and got a short 10 pip scalp on the way up. Just because I knew it would break the highs to trigger the smart money stop runs and clear out tight stop losses people already had on sells. Now that it's above the Highs, I believe this is a false breakout as it's holding steady,...
