ER next week on June 6TH can be the factor that moves it.
IF WE BREAK LOWER ON WTI, KEY AREAS HIGHLIGHTED ON THE CHARTS WE WILL GO LOWER. EASY TRADES SETTING UP. Join us for free signals on telegram by clicking this link: t.me
Here I am describing how the banks and large institutions manipulate price so in the end their very large positions have been entered and so that they are poised to victory.
Trade AUDCAD when it breaks either trend-line. There is significant OPEC OIL news coming this week and CAD is very bullish as indicated in the COT analysis. For a link to this weeks COT analysis CLICK: t.me to gain access to our free materials. I am trading this on the break to one side or the other. Stay patient for a clear break. That means a 4HR or a 1HR candle...
The red trend lines are the longer term and more powerful ones compared to the pink as they are intermediate meaning in the current structure. Price recently took the previous highs I expect some sort of retreat to the areas indicated. Although the larger time frame analysis says bullish, I will look to sell and then put my position at break even and let it ride....
We rode AJ down as we broke the trendline and went all the way to TP in one day. Now on the other side since we moves that many pips in one day expect a retrace, I am targeting 50 pips on this trade, but will have my highest tp at the area indicated. I know they will come back to that price in due time to take those clean highs and stops.
AUDJPY -0.05% hitting a bearish orderblock and is hugging trendline . Look for a break to short and target the gap...always book 50 pips. Although we have yet to take the previous highs shown by the red arrow, I do believe those will be taken in due time.
AUDJPY hitting a bearish orderblock and is hugging trendline. Look for a break to short and target the gap...always book 50 pips. Although we have yet to take the previous highs shown by the red arrow, I do believe those will be taken in due time.
FEDEX breakinf a major trendline and is failing to break this current areas. Wyckoff distribution phase has formed and RISK TO REWARD is very nice.