EURJPY fresh D1 dz formed Longs possible on that D1 dz M up W up D1 up - entry on D1 dz (4h fresh dz nested within)
This is NOT a institutional supply zone. It is imbalance that MAY become an institutional supply zone. We can go short IF this zone provides good liquidity to the downside with confirmation. Or long upon the imbalance being broken and retested Not the best setup. But interesting enough to watch how it will play out
Non comm traders added almost 45000 longs to their portfolio You can see that reflect in the price as well. Longs at new 4H dz or 4H existing DZ upon retracement 1/3 risk reward ratio always 1% risk 3% reward
Non Comm inst traders added almost 29000 LONG positions to their portfolio. We had upside pressure from the D1 dz mapped out in the past.
Great trade on GOLD we placed yesterday CFTC COT report gave us vital information.
EURUSD reached the D1 supply zone we pointed out before and in the webinar series. Downside pressure may occur from this level
AUDCAD weekly fresh dz formed. Set and forget longs possible on W dz with D1 or 4H fresh zone as confirmation
EURUSD reached D1 demand and orders have been filled in. targeting opposing sz on the D1 chart that was formed off the W sz
Not the highest odds trade But D1 dz is in control Possible long on this D1 dz targeting opposing imbalance zone on D1 chart
EURNZD possible long on D1 dz if price looks for a lower equilibrium So pending orders only M up w up d1 up - BUY on D1 dz
NZDUSD already active M down W down D1 down Entry short on 4H sz within D1 sz
NZDCAD possible short on fresh D1 sz. 1/3 risk reward ratio M down W down D1 down Entry on D1 sz
Institutional traders closed over 14000 long positions and added a bit over 3000 shorts. We may be witnessing downside pressure. Look what happened 16th may when longs started getting closed for profits
Gold has D1 demand zone in control W tl was broken. One more day to go to see if the W candle closes below. Institutions added to their longs slightly this week. Watching this demand Zone. If it breaks. I will be looking for short scenarios for swing trades.
As expected D1 DZ was used to fill in some orders and it had pushed price higher towards the Daily supply imbalances. Possible swing trades (shorts) off fresh daily supply zones or even better on fresh 4h supply zones created off daily supply imbalance zones. Short term higher risk longs possible targeting D1 supply zones.
Weekly supply in control SHORT active on W institutional supply imbalance zone
USDJPY reached D1 SZ and possible downside pressure may take place for the short or medium term BUT. If this D1 SZ gets taken out then we will have a fresh D1 dz formed. Now that would be interesting :) Patience is a virtue…
FTSE possible shirt term short on D1 supply Weekly supply in control FTSE possible shirt term short on D1 supply within W supply. 1/3 r/r ratio As usual when 1/2 gets hit we close half position and bring SL to entry