So far Market is respecting Pivot areas If it breaks above R2 area we can expect bigger pullback before south continuation For now I will stick yo the GOD father Seller, but am ready to change side for short period if needed
Previous week the Market broke S1 pivot area From now on I consider it a bearish market If the market will respect daily R2 Pivot area (analysis coming in next post of 15 min chart layout) we are in for a down slope to our next area of importance I expect market will move south in my forecasted path of journey (marked with yellow arrow line) If the market...
This is my immediate plan of action I will Scale in & out according to the future moves If my pivot areas will not be respected I will try to close the trade without loss
Very aggressive Long If the Monthly pivot will Hold we are in for bigger pullback north before our trend will resume south If Monthly S1 Pivot will not hold then we might have smaller bounce (short consolidation area) where we will be able to lock in some profits before getting stoped out (move SL to 0 ASAP) If you are in this trade you shouldn't just let it...
Waiting for the sellers to quit My full analysis: youtu.be
NZDJPY bullish plan I will not do anything until it reaches one of my conditions
This is what buying at top selling at the bottom means Very Very Dangerous !!!!
IF you are a BEAR here is my plan of action For now it is patience game
I Entered very small position, with SL on last Higher LOW on 4H pullback my TP is at potential Arrow I will be Scaling in pullbacks on 1H from 15 min TF, My pullback ratio is 0.38 - 0.618 FIB R to be valid, anything lower would be considered as losing momentum The trade has potential of big profits if managed correctly and very small loss if not
We have to wait for NFP for discount, or runner We will se how the price will behave around key levels Actually A and B are very possible
It might be still bullish but, looks like we are engaging short bear period (pullback/ Swing down before going back up)
Idea taken from Mr. DatTong There is one worrying factor drawn on chart I would like to wait what will happen on GBPUSD pair, but I might have a runner if I do so
Already in this trade My take profit is symbolic, we are going against the trend so I will exit manually when momentum will start to fade best way to track momentum is FIB levels 0.32 - 0,618 every new thrust and pullback, if it pullbacks bellow the 0,618 the momentum will usually die out, and we can expect usually one extra HH or a double top Any how this is...
AUD has been behaving very predictable last 2 weeks I trade all the majors but I think AUDJPY will become my new favorite Since Brexit has his own effect on GBP pairs I will Have to move my so far best GBPCHF to 2nd place Anyhow If you remain a bull there is plan A If you already smell the wrath of bear there is plan B
With GBPUSD I am going against the USDCAD trade Usually I don't do it But in this case correlation is up un down due to: GBP - Brexit (doing its own thing) CAD - WTI related That is also why GBP is planned very short it is also highly impacted by the sessions USDCAD trade is planed for longer we also entered the 2nd part of week a lost of trends change that day
USDCAD is in big range for last 4weeks We are currently taking of from the bottom of it I prepared 1st take profit at most recent HH to lock in some Profit Close monitor the trade, there will be many options of re entry/ add to position and scaling out