CleoFinance

CleoFinance

At 8:25 AM EST, we got to our trading desk and started the day doing the basics on our Judas Swing strategy checklist which includes: - Making sure the timezone is set to New York time - Making sure we're on the 5 min timeframe - Marking the trading period from 00:00 - 08:30 - Marking the high and low of the zone Next, we patiently awaited price action...

CleoFinance

At 8:35 AM EST, EURUSD initiated a liquidity grab above the 00:00 - 8:30AM EST Zone with a Bullish Marubozu candle. This move could potentially trap breakout traders, as it appears to signal an upward move, only for the price to swiftly reverse course. To avoid getting trapped, we waited for price to create a Break of Structure (BOS) to the opposite side (sell...

CleoFinance

At 8:45 AM EST EURUSD made a big move down that took out the Judas Swing Zone Low. Then it came straight back up to create a BOS(break of structure). After the liquidity grab at the low and the subsequent break of structure (BOS), we patiently awaited a retracement towards the initial Fair Value Gap (FVG) that emerged during the displacement leg. We...

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FVG at the level of previous breaker block and market structure break. Clear target at 2R around 1.0795, but has potential to go even further. Entry: 1.0842 SL: 1.0865 TP1: 1.0795 TP2: 1.0762 could even go lower, depends on DXY. Trade invalidated if TP1 level reached before pullback back up into the FVG entry area.

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Re-enter from this idea: Aggressive SL was taken out, IMO trade is still valid. Entry: 1.347 SL (aggressive): 1.358 SL (loose): 1.362 TP: 1.317 Trade is 2.74R, or 2.1R with loose SL

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EURUSD weekly bullish bias with potential 5R trade in this swing position. Two weeks in a row with long wick into the Demand zone. Last week we took out liquidity resting from December. DXY and USDCAD look similar, we might see the big trend shift now, where dollar gives in for a few weeks/months. Within this bias I'll be looking for shorter term long...

CleoFinance Updated 

Hey guys! It's been a while since I posted any longer term trade setup. I like to trade the weekly timeframes every once in a while. It forces me to stay disciplined with my position sizing and teaches me patience (which I really need), since I might be sitting in the trade for two three weeks. Today's setup us also simple: Price has rejected (twice) from a...

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Wick build up on the Weekly chart within order block. Several inducement bottoms above this OB. This setup/idea functions mainly as bias orientation for this asset - I will be looking for longs along the way. Invalidation is price acceptance below the 1.3 lows. RRR: 2.6

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Quarterly candle closed beautifully as SFP of the previous high: Potential drawback to 1.95 area before further push down, but by the end of the year I expect the price to reach 1.8 and potentially even lower.

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DXY took out a key low at 101 with strong reaction back up into the range established in August-September 2022. Idea: DXY will strengthen in upcoming months, pushing the risk on lower. Target for lower highs is around 50% of established range, which for fans of Fibonacci retracement tool is around 0,618-0,705 of current range. Target Price: 110-111 If we see...

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SHORT idea Retracement to supply zone, wait for low timeframe confirmation of market structure break in the OTE zone. Entry: around 7720 area Stop at the LTF swing high: 7800 First target: 7570 (2R) Second target: 7460 (3R) third target at the swing lows around 7340 (5R)

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There is a potential double bottom chart pattern forming on DXY H1/H4. We can see two V-shaped troughs known as 'Adam' that are roughly equal in price, with a small peak between them. The pattern is considered bullish and signals a potential reversal in the downtrend. Entry: First close on 4H above the neckline (99.98) SL: 99.6 Target1:101.34 Target...

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ALGO is currently forming a bear flag on the daily chart following a sharp price decline, indicating a potential continuation of the downward trend. The pattern is further supported by the downward trend in volume. Currently, the price is experiencing a brief consolidation phase. Now let's monitor any breakouts below the lower trendline, and a breakout with a...

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Cardano is currently forming a descending triangle pattern, which is often seen as a bearish continuation signal. The price is forming lower highs and repeatedly testing a horizontal support level. In this pattern, the breakout tends to happen downwards, with a likelihood of around 64%. To verify the pattern: Diminishing volume Multiple touches on both...

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Linear is forming a falling wedge pattern. Falling wedge patterns are characterized by a series of lower lows and lower highs that converge to form a wedge shape. A falling wedge can signal either a reversal or a continuation of the price trend, with both scenarios occurring almost equally often. Often, upward breakouts in falling wedge patterns indicate a...

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Here on ETH, we currently observe the formation of a bearish rectangle after a sharp price drop. The price is currently within the consolidation range of the rectangle, with each line having more than two touches, indicating a stronger pattern. It is crucial to monitor the price within the consolidation zone, as a breakout accompanied by heavy volume would...

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MATIC is currently forming a bear flag pattern. As we can see, the price is forming a short consolidation higher after a sharp price drop known as the flag pole. The bearish move is forming and the price might continue downwards after the slow consolidation higher. As another confirmation, we can see that volume is diminishing during the pattern forming....

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SHIBA INU is forming an ascending triangle on a 4-hour time frame. The price oscillates between the upper resistance and lower support levels. What does that mean? An ascending triangle forms when the price is about to break the resistance line, signaling a potential reversal of a previous downward price trend. We can observe three touches on the upper and...