i took this trade because of simple proce action buying off minor and major suppoort areas. this trade is always a scalp as usual but could turn into a swing trade stay tuned. trade price action more indicators less
Great chart and opportunity to catch CAT on this move :)
ABCD chart in the combination with ascending triangle and great FIBO. :)
Thank you for reading this, if you like an idea of CAT press like button and leave a comment :)
Looking for price to cleanly break above that resistance and grab topside liquidity and then for price to retrace and break below the trend line and sweep the bottom-side liquidity, tap into that bullish OB and continue the bullish trend, OB is pretty clean nicely engulfed, There is also clearly a bullish price imbalance which means price has to retrace to fill...
EURUSD AS FORECASTED ON MY TRADINGVIEW WALL. EU Ended up filling the criteria for one of my entries types after a slow long wait tonight.
We finally had a nice sweep and series of mitigations to place a limit entry at the very back of my point of interest (the best place to get the entry).
As you can see when you get it right you can have pin point accuracy and...
NZD/JPY 1/26/2021 16:30 DAYTRADE
News Events: News events too far away to affect price within the lifespan of the order.
Time Frame Analysis:
Reason for Trade: Exhaustion on an impulse at a resisting trend, strong 61.8 structure and a supporting trend seemed like a good landing spot for price.
I trade GBPJPY only, not only because I love the pair and it's volatility, but it's preparing me for the more institutional style of trading and training for the US30. This is a position in which i used my same analysis, as i would on GJ because the correlation and overall mobility of both instruments is amazing. Here, we can obviously see that was retesting the...
Looking at a possible short sell on GJ. Price broken structure and completed the full retest at the 78.6 Fibb. Will wait for market to open to see if price will make a gap, but price will most likely be bearish for the H1 TF.
Tried to post before price action hit but it was fast. Managed to get a position risking 1.5%, following my previous entry of a 1:40 risking 1%. This may come back up to the entry price but just miss it if you still want to take a trade. Please use risk management and monitor patiently.
Will be looking to roll stops and turn into risk free positions once price breaks that major LH point. Pennant forming on smaller TF, giving good indication that price will break out into the 140.100-.125 area. Strong bullish divergence on RSI and bullish candlestick formations at that major H4 support. Targets came from Fibbs and Fibb exp .