CharlieMcclelland

CharlieMcclelland

- price should retrace to the imbalance marked on chart and then bounce off that area - looks weak at the moment but i believe it to be strong in the long run My OTE entry for a swing long is towards the bottom of the area of imbalance below current price

CharlieMcclelland

- few areas of imbalances which need to be re balanced - could possible take out the equal highs depending on how much the DXY can drop and also depending on the strength of the EURO - the marked area is where im looking for short term short positions on EURUSD

CharlieMcclelland

if the US10Y comes down as much as i've marked in the previous chart, the DXY could possibly come down more and take out the equal lows? remember USD pairs (E.G. EURUSD, GPYUSD) do the opposite to the DXY These are longer term views on the DXY chart

CharlieMcclelland

Do what you will with this chart & information Plenty of imbalances which need re balancing remember that the DXY correlates heavily with the movements of the US10Y & USD currency pairs do the opposite history rhymes

CharlieMcclelland

- no i dont expect every one of these to play out - but i do expect price to move down before a big move up - very messy chart sorry if you cant quite understand it - also the POIs for the short positions are not refined

CharlieMcclelland

- CAD/USD has been ranging for a while which means there are sell side liquidity and also buy side liquidity which will be taken out before a move upwards in my opinion - the CAD has been looking strong the past couple of days - the DXY has been looking weak the past couple days - this indicates and gives extra confirmation that the CAD/USD pair will go up in my...

CharlieMcclelland

- Plenty of areas of liquidity that should be taken out - the AUD has been looking strong the past couple of days - the DXY has been looking weak the past couple days - this indicates that the AUD/USD pair will go up in my opinion let me know what you think..

CharlieMcclelland

- Added a new POI just need to see how price reacts - Some TPs slightly changed let me know what you think...

CharlieMcclelland

- changed my POIs - all TPs marked on chart - could take a few days to reach the POI

CharlieMcclelland

- 2 different POIs, need to see how price reacts to the first - FVG need to be fully filled - all TPs marked on charts

CharlieMcclelland

- entry was tapped in early this morning - was nearly stopped out, very close to S/L - now the trade is looking very very nice!!

CharlieMcclelland

- lots of areas of liquidity above and below current price - the area of liquidity above the POI has an unmitigated area for about a year - all TPs are marked on the chart let me know what you think...

CharlieMcclelland

- TP 1 hit - 270 pip profit - lets see if price hits the rest of the targets - i usually take out 50%-80% of the inital margin at TP1

CharlieMcclelland

- price has successfully bounced off of the first POI - we just need to wait to see how the price reacts when the market re-opens on monday so we can determine weather the first POI is valid or if the price is going to continue down to the 2nd POI

CharlieMcclelland

- the second POI is placed above an area of liquidity incase price doesnt reject off of the first POI - TPs are quite far from my POI areas which is why this is more of a swing play let me know what you think...

CharlieMcclelland

- i believe this to play out when markets re-open on monday - the FVG area needs to be fully filled, also there is a small area of liquidity near the bottom of the FVG area - the third TP is my POI for a short position which i anticipate to play out after a move upwards as there is lots of liquidity to be grabbed at the lower price ranges

CharlieMcclelland

- firstly sorry for the messy chart - looking for a short term long around 41k-41.5k - this long would be held up to about 50k - i then believe BTC will reverse and head down quite low to fill previous FVGs from a while ago and also grab old areas of liquidity (not marked on chart) - i believe BTC to drop to around 18k-20k, and i will long from that area

CharlieMcclelland

- we got tapped in at the entry - SL was nearly hit before a big impulsive drop - both TPs hit before an impulsive reverse