We had the manipulation move during the asian session - ofcourse fundamental news this morning during London open saw bullish momentum forr GBP .
Now 133.5 has a strong support.
3 x trades
0.10 @ 133.35
0.10 @ 133.52
pending buy when price has confirmed and we have banked some pips @ 0.10 lots
This is a swing for us so minimal drawdown will occur.
NAS saw a boost today which us investors love
However for purpose for trading,
We will look for a breakthrough the daily supply zone and confirmation before longing for a fresh supply zone.
The supply so far has been strong so this can be rejected again however and fall back to 7600 or 7400
However as always the trend is bearish but becoming more neutral on...
Hedging trade -
Our long order was taken during the Asian session, from here we hit a block of orders
JPY is strong in times like these with fundamental news and a safe haven asset so we expect weakness on the Euro however this pair fakes out alot
so we have multiple opportunities to enter in the range
Over Bearish due to the environment.
Any questions -...
Here is our outlook - after taking in the fundamental news from this weekend, we can see a good chance to a short as the US sees more cases.
Risk on approach looks high.
Down to the real technicals we follow -
Supply & demand -
supply has been touched and order block taken, expecting a quick retracement or continuation pattern to the next demand
Adding positions to an existing Long - we expect the GBP to gain some strength and break through the current supply -
Reason for long - 1hour shows good bullish structure.
30mins shows good wicks - showing demand area has been tapped.
we executed after the rejection candle.
With GBP JPY - it moves fast so secure the pips and let a portion of the trade run.
Here is our outlook to the Asian session short in order to hit the trend line at around 7350 zone.
Zoom into the 15 min to look for Doji candles for reversals.
We will look for multiple entries for when the price closes below the resistance.
Draw down 25% for every demand zone on lower time frames.
Profit target 7400 before assessing new trades
GBP CAD keeps creating lower lows.
So we are expecting short orders to come in once either the retail order block is touched our a fakeout to our level.
Either way we will await confirmation to reach our areas before entering.
Good luck - This will be a swing trade and a quick scalp also.
Here is our outlook for NASDAQ today, expecting a retest of the zone before shorting again.
Using the 30 min chart shows a good strong downward engulfing candle. And now a retest to exhaust the sells. Overall the trend is down so we will only scalp a pullback but pay attention to the key level highlighted on the retest zone.
Previous analysis shows the Weekly timeframe - so no weekly wick rejection available as yet
4 hour time frame shows a better entry of our two entries one at the top and one on the pullback
Lot size 0.2 x 1 - closed 0.03 units to secure profits.
Lot size 0.1 x 1
Swing trade so for us it is about risk management so this trade will be profitable with a great...
Nasdaq short yet again from this range - this is respecting the levels so well.
We are enjoying to analyse this right now
Risk free trade and 50% closed, letting it run now to possibly hit 7100 with longer term 7000
Weekly Timeframe - once the buyers are exhausted and in the monthly supply zone counting as the first touch, we are expecting a huge sell off.
But patience here is needed.
Weekly - we have outline our targets for the swing trade.
Daily bullish momentum
4 hourly is bullish
We are not yet trading against the trend.
Big corrections are needed and will come soon...
Short of the NAS100 - risk free, however stop still active on second trade in order to let run.
Once 30 pips close 25%
60 pips close 50%
Lock in and run the trade
Short for todays market - as the levels are respected in the highlighted zone. We have a fresh level below which will need retesting
Once a retest has happened then we will react according to the next...
Overall long - however the ranging market is keeping things neutral.
We are waiting for a push into the demand zone and will look for a position long. Royal bank of Australia have news today so during London and New York we will react.
We can see many spikes into the retail zone which will engage retail traders and remove them also as tight stop losses are...
Japanese Yen is a safe haven asset for investors, but while pairs have been taken a beating - especially GBP against these safe haven assets - the demand zone 1 was touched so a scalp trade has been placed - aim to get 70-100 pips before closing.
Risk free entry already.
With new fresh zones being touched with heaving selling - await a rejection on a zone and...
Long is definitely still an option - check monthly and weekly outlook.
Retracement is needed however, with Europe opening - we are clear that this zone will have price action in the supply.
Good luck today - it is volatile out there and fresh zones are touched
We caught the trade from CAD JPY again as oil fell - and the market gap open.
There was too many fundamentals affecting the push and looking at the monthly spikes - it was a perfect opportunity to short.
It was almost a flash crash - serious money and losses are made today.
Be safe out there.
We have our next intra day move before we make ours.
We have had a great time trading this (always shorting) the gap took our profit target and the oil crash during the Asian session gave us more pips.
However, now what as the market begins to calm during London or even becomes more volatile?
The monthly looks to break through to the downside.
We will post a daily chart too for further trades.