"UP UP UP is where i think i'll go today" says NzdCad
"ooops!! I think i'm about to slide" says GA
Commercial got the liquidity they were hoping for. It's time for the Non-commercials to step in and book profit firstly At the broken Support level, Price will be returning to book further profit after the uphill climb!
Price managed to grab External Liquidity and needs to book profit s Quickly. 1. 3xAdr Met 2. Price is retesting a Major Supply zone 3. signs of weakness identified (Candle Patterns)
We had a wonderful play on GbpAud - FVG imbalances need to be filled before the down move play out. We'll be looking for Divergence on TDI M15 before taking entry.
Our Criteria for the Sell is aligning properly. - We have major imbalance on the charts ( Buy Side Liquidity void) and a change in Trend has been detected (Bearish Breaker Block) , but not retested to confirm the move. -As we anticipate a Major Downplay, if you're unable to wait on it to playout, feel free to take this upside play with me firstly only!!! if the...
What a massive play!!! - Monies have been taken from those with tight Stop losses, - they took a loss for themselves too, therefore they need to regain some of that lost income - Swing Low is holding it's ground!
Off to a smooth Flow. - Bullish momentum is being maintained, hence a heavy push up just might occur. Remember, Trading is all about probabilities and not Absolute
AudCad Seemingly smooth uptrend movement has reached it's peak as we see the formation of a Head & Shoulders Pattern which dictates a heavy reversal of previous trend.
Many are opting to BUY the dollar, however as the retail traders continue to buy in, the Bankers and other big players will use this opportunity to sweep their profits away from them By taking trades in the opposing direction.
Commercial Traders have cut their losses short as they're now expecting fairly higher prices with USD Daily Trend confirms reversal H4 Trend confirms reversal 1hr Level Count aligns perfectly Pending M15 Entry Rules
This occurence will help to facilitate the Institutional bias of Big players aiming for the recently created high. A balance must be striked firstly.
Many Sellers have their stops placed at the recent highs and highs of the prev weeks. As such, it's only wise that the Big Players take them out firstly before revealing its real move.
This move will Induce Long (Buyers) Traders before Making it's way down following it's sister pair EurUsd.
Price Peacefully started a new Weekly Clycle. As the new week approaches, we can relatively expect a Bullish push to Clear the Prev Highs
As we move into the new week, we can possibly see the continuation of the Market Maker Cycle.