As you can see we notice this retail decending channel, we expect price to break through this channel and head to our sniper zone (Marked in purple) and then head downwards and break past the previous lows.
We have a Sell limit placed at our entry 1 point, but we do have 2 possible entries, just make sure you use correct risk managment. We expect price to head up to our entry 1 point and then head down to take out them equal lows (Marked "Liquidity")
where price could keep pushing down or reverse.
We expect price to come up and retest the sniper zone (Marked in Purple) and head down to break them previous lows, to an old Reistance/support area.
Sell Limit @ 1.414
Stoploss @ 1.42
Take Profit @ 1.4
We have a possible sniper entry for EU, we have the sniper marked with blue arrow that is a break of lows to grab liquidity, we are expecting price to come down and retest the open of the bearish candle and head up towards the other sniper area.
On the monthly time frame we can see the Orange line (Retial Support) has been respected more than 3 times. Price has broken through this support level to take out retial trader that entered Long posoitons at the support area. We could see price head back down to the sniper zone (Marked in purple) to take out any eary retial long traders and then head up in the...
We have this retail support zone where price broke through previously. We have this retail head and shoulders pattern forming on the lower time frames which retail traders will be watching. Price should come down towards to he sniper block (Marked in pink) and then in the intended direction. This will be grabbing retail liquidity so the institutions can get in at...
As you can see we have an order block (Marked in purple) where retail trader were trying to sell at the resistance area. Instituations then ran price higher and trapped these sellers. Price is now coming down to retest that order block. So we could see them keeping price above this order block
Hello Traders! Witaj!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY...
Fundamentals:
This morning 7:45 am NY time the European Central Bank had a meeting and The central bank said it expects its key interest rates to remain “at their present or lower levels” at least through the first half of 2020. They went on to discuss how they intend to reintroduce a Quantitative easing program. Additional info can be found here...
TRADE ENTERED - AND PRICE ENTERED A PERIOD OF CONSOLIDATION, LOOKING FOR PRICE TO HEAD UPWARDS, CREATING A NEW HIGH AND START OF A TREND....
PRICE ACTION WILL MAKE MY DECISIONS FOR ME, I JUST WAIT FOR IT TO TELL ME....
