The peso has returned to a key level between the $19.20 & $19.80 price point. Previously this level has held as a point of support and looks to continue doing so. We will target previous highs for our take profit level. We will be looking for price to rise to the 20.1775 which once held as a key resistance level. If we are able to break this area we will look for...
Update on GBPCHF: Price created highs into our supply zone 8/10 Price created a low right below the supply zone around the 1.27500 ana made a return back to our supply zone 8/11 Price came to equal highs from monday and created a wick and began to drop. From here we would like to see price drop to the 800 level and close below it. The 800 level is also located...
We got a perfect drop on GBPCAD today. We entered at 50% of the consolidation zone for a return to the key level between 1.73500 and 1.73250. We are currently at a decisive level where price can either continue through this zone or reverse and return back to the supply. Entry Criteria: Decisive Break outside of zone Price must break zone and wicks sitting...
Looking closer for entries on the 5min after drawing our setup, we found another zone for price to react to. We will wait to see how this set up develops. I may take entries at each of these targets mentioned.
GBPUSD started the month by buyers losing momentum and sellers coming into the market. Since then price has been creating lower highs and lower lows. We are currently sitting at an area of support between 1.38325 and 1.38375 GU has been creating steady market structure which is perfect for us to take it zone to zone everytime; Paired with quarter points it makes...
GBPCHF has hit a Supply zone at the 1.28000 level, if price respects this level we expect sellers to push price back to the demand zone between 1.27500 and 1.25500. As of 12am New York Time (11pm central) price is currently consolidating below the supply zone. It found support at 1.27500 which started the ranging of price. -Entry Criteria Price Leaves Supply...
I had to post this one. Look at the structure. How could you not take it.
Gu has found equilibrium in this consolidation zones and buyers are looking for their positions in this area. Sell candles are getting shorter and are wicking out showing that sellers are weakening in the market and we are also approaching an institutional level at the 200. I will be looking to take your entry from the 200 up to the 700 for a total of 50 pips. Per...
~Sell Confirmations~ 1 hr RSI Divergence Double Top Break & Retest of a dynamic support zone 4h Consolidation Wicks above support zone showing buyers weakness RSI showing oversold Entry Criteria: Wait for price to break below the current consolidation zone. break and retest or engulfing candle outside of zone in order to confirming the sells
Comments are on the chart Please like and comment below as you see fit. I am trying to build my reputation on tradingview and it would be greatly appreciated if you show love if you received value. I trade basic supply and demand in combination with price action and psychological levels in the markets. Again, if you have any questions, please let me know.
Parameters on chart. I will do a full breakdown on the next markup. Honestly I’m tired and don’t feel like it :) Please use proper risk management & use this as a bias not a signal
Price has reached our final take profit at the 4H Supply Zone. All 3 take profit levels have been reached! Such a great trade! I didn't stay in but either way the analysis is spot on with great R:R & thats what we strive for each and EVERY time we trade! Please like and comment as you see fit. I'm trying to build my reputation on trading view. I will be posting...
Short term we are looking for price to finish at the demand zone which acts as a magnet for price. We want to see price consolidate at the demand zone, break the zone then retest for our optimal entry. The buy offers a 4.7:1 RR even if you wanted to use a conservative stop loss by placing the SL below the demand zone, the trade still provides 3:1 RR which meets...
This trade played out perfectly. We got a break and retest of our zone before price came to our entry. After it took off straight to our marked zones at previous highs during the week. I’ll be training my stop loss below consolidation zones we continue moving higher. If you decide to continue to hold, the next target will be H4 supply zone. I will be closing...