In EURAUD we have the perfect example of how the market makers move the market in levels of 3 to play with every trader's psychology.
This indicates to us that the market might actually reverse here. Especially because we're at a D1 Trap Zone.
Currently we're waiting for a second leg to complete our market structure. Once formed, we're looking for...
Today we're looking at GBPCHF as it is forming a pretty ugly larger structure.
Yet we can't deny that if this pair shows a nice pattern, that we enter the trade.
So basically we have a larger structure on the H4, and we're looking for a failed pattern off the 50 EMA on the H1.
If this all sounds a little fuzzy for you, just hit the 'Follow' button...
We have now entered EURUSD short based on a M15 analysis.
We don't have a perfectly identified pattern, but we have a few confluences...here they are:
- 13/50 EMA cross
- First pullback (>25 pips)
- TDI bouncing off 50 + Baseline going down
- Reset on H1
Usually this wouldn't be a trade I'm interested in as we're coming out of a level 3. Yet price...
As you can see, our analysis for DXY played out exactly how we expected it to.
From now on, we're looking for short setups.
When they move we move, so for now we're waiting for a good entry.
Let's see what they bring us.
Long time no see.. I've been busy with life in general so I didn't have a lot of time to post on here.
Here's my analysis for DXY as I've been looking a lot at EURUSD in combination with DXY lately and I must say, they work perfectly together!
DXY has been forming a nice larger structure with a 3 drive down into the 800 EMA and then reset up.
I have been trading intra-day the last few days and couldn't focus on posting my analysis.
So here we go with EURAUD.
As you see it played out exactly how we predicted!
For the coming week, I expect a reset at the 200 EMA (white line) & previous trap area to then move up to @1.63300.
At this area we expect a larger move down due to higher time...
We have also entered GBPCAD long as we had a confirmed intra day 50/50 bounce.
Again we have a 1:1 RR (not the best I know) but our stoploss is very unlikely to hit as we kill the trade once price closes BELOW 13 EMA.
Let's see how this works out :)
We have just entered EURAUD short on the M15.
Price formed a nice M formation and we expect it to drop 20-30 pips.
If the H1 confirms on the close aswell, we might add another entry and swing it!
Here's the analysis for the day for EURAUD.
We currently have a nice multi-day forming right at the last zoneflip before the anchor structure.
If this H1 candle closes BELOW 13 EMA we have a 2nd leg nameable pattern (Morning Star) and we're going to enter the trade!
Target will be around @1.6075.
Let's see what happens :D
Here we have the analysis for EURJPY for the day.
We're still expecting it to come up one more time to then drop away from the structure.
Waiting for an H1 pattern, maybe also looking for a M15 entry!
Here's the EURUSD analysis for the day.
We're expecting a further move up to form a third hit to the top or a H&S pattern.
Expecting to see this move happen in London session!
Excited for the day!
Quick analysis on GBPJPY as price action is just being so beautiful!
We're looking for an H1 50 Bounce, which is the first pullback to the 50 EMA after 13 EMA crossed the 50.
We're going to enter once price closes BELOW 13 EMA.
Target will be @147.250
Let's see what the next 10 minutes bring us!
Same as the other 2 pairs, EURAUD shot up aswell!
This one went a little higher than expected but then again, look where it stopped... right at another ZONE FLIP.
On the H4 we're looking to see a big fat shift candle to the downside, if this happens we'll get into the trade at the CLOSE of the H4.
But then again, we're not stressed to take a trade....
Same as EURUSD, this pair has played out beautifully until now! Even using the news to form our second leg ;)
Let's see what this market brings us either today or tomorrow.
Keep in mind, when they move we move.
EURUSD has been playing out exactly how we predicted! See how they pinned to the Zone Flip to the low just to drive the market up right after? Beautiful MM move.
We are now waiting for a pattern and the right behaviour. (also the reason why TDI is so big, looking for all confluences!)
I don't think it'll happen today as US session has already begun...
Here's EURJPY for the beginning of the week.
Same as EURUSD, we're in a peak formation 50 above the quarterpoint and had interaction with the 50 EMA.
We're expecting a move up into the stophunt zone and look for a move down.
We'll keep you up to date:)