We have a major S&R at 1.24 = 50% fibonacci retracement perfect entry to let price action show us where price will move next. Liquidity zone market for fakeouts into the supply zone. We saw a great rejection into the zone early in the London session and entered short again. We will let both trades run and hedge accordingly to make back on pullbacks. Enjoy the...
Long term swing incoming. We have seen a great impulse, correction and awaiting the next impulse to the downside We have our alerts set. Need to wait for the next retest of the supply and then await the downward move. The trade is between 0.618 and 0.705 level. monitoring closely. Aud is strong but JPY is a strong safe haven, where institutions look to be...
Yen is gaining strength across all pairs right now as hedge funds, banks look to be gearing up for some good strength. We saw a great retest of the supply zone as anticipated. This fell in line with our fibonacci retracement as shown on the chart. Next up we will look for further entries, only on impulse positions after corrections. Zoom into the 1 hour to get...
We have seen a great opportunity to short from the 61.8 fib retracement or between 50-61.8%. A good impulse to the downside has been shown, where after an impulse a correctional move is always followed. . Just awaiting the supply to pinpoint the short option. From here we will zoom in and look for the sign of rejection or liquidity spike. Target 114.2 2x...
Euro is still weak, and the Yen is in demand. We had a great little consolidation box and then further sell off for the Euro. We analysed this last week and the price has done wonders for us. Target 114.00 overall swing low.
Short - down to the 38.2 fibonacci or the 50 retracement before we look to long. Why? Just the way we swing. We missed the market open as the spread was high and needed calming from the news fundamentals which were causing movements in the markets. We caught the 1 hour consolidation and sold as it aligned with a good rejection. 1 hour supply. We got a retest...
US technology stocks has shown a great retest into the 8950 zone which is a key demand. We saw a perfect retracement to the zone, an impulse move and a liquidity grab. Now we should see price move up. We have a hidden order just incase price moves back again for one last move - but then the block we believe will provide a good base. Thanks Lupa
We are seeing the Euro against the New Zealand Dollar in a nice range between the Fibonacci of 0 and 0.236 retracement. We have two entry points of were we would look to enter. entering will move and so will stop loss. 2x lots of positions. The demand zone is strong with no real test of the demand.- and the market seems to be ranging nicely between the two...
On the daily we hit the daily supply of orders to short. This morning we saw an impulse and rejection wick. The daily has formed a big rejection wick. Looking to the downside Swing trade target 1 = 1.22 Target long term will look to be 1.15.. however short term target [ supply is strong and will have a retest zone around 1.246 we can see however, GBP is overall...
Had a great surge of momentum into the zone of supply We have a liquidity zone above but this supply looks to be holding. Expecting USD to remain strong so we are monitoring the 5 min charts and looking to sell aggressively and also a have a higher option too which has more confirmation. Thanks, Lupa
Trade hit take profit but continued - so consider this a trade review. Trend line again is respected and US released fundamental news to allow the bulls to surge in and take control. The trend line is again respected with tech earnings coming in today with Microsoft, FB & Qualcomm Tesla are also looking to open up the californian factory despite widespread...
We are looking at GBP USD where a swap zone has been broken through with good momentum and a close above the zone. Bullish are looking to take us to 1.25 - however the market is slow thus far today. If price holds above the zone, then continuation will occur. Looking to short from 1.25 supply zone. Let us see what happens. Thanks, Team Lupa.
We have an upper supply - which is a daily supply. This is still a fresh level, however we have seen a great fake out on the lower 4 hour supply zone. The fake outs are between the two zones, to show the hidden orders half way in a swap zone. The overall trend is in a downtrend. The market is currently making a good retracement but the second tap we are...
We took shorts as the zone provided multiple rejection wicks on the hourly. We zoomed in to the 30min zone and awaited to see the rejection fake outs. The Supply showed good rejections plus a strong order block.
Today expecting a short - we got stopped out with losses yesterday. Expecting the weekend to show some weakness. Supply at 50% retracement 30min demand and 1 hour demand are the targets.
Bearish move - it was clear to us, Euro was getting weaker but tested the fresh supply level on the 4 hour. We waited for price action confirmation and sold on the rejection of the zone. Now risk free. It was simple as that. If price reverses - no problem. Target is the next demand - swing trade if passes this and falls further.
Fresh supply to be hit before a short opportunity to take place. We have two options for our short. Just waiting for the confirmation. Supply and demand - all we look for. If the zone breaks to the upside then our analysis becomes invalid. Reason for shorting? Fresh level nice order block Downtrend - this looks to be a pullback for bulls pressure.
Bearish view - Supply zone has been touched and retested. Waiting for the NY open to determine the view. But we entered aggressively because of our supply and demand strategy. Fundamental news later today for stimulus may push up - if this is the case we trade the upside or investors ignore the sentiment and the downside will be confirmed.