About meIndependant Trader focusing on market structure analysis, advanced pattern recognition and Fibonacci ratios to identify high probability trading opportunities and seeking liquidity zones to enter with strong momentum.
Nice area to watch for a Buying opportunity with the market coming back to a pool of liquidity (weekly and montly zone).
It may take a while for the market to work the 0.7100 area.
My first target will be at structure around 0.7150 and remaining at oposite weekly zone around 0.7230
Nice area to Watch for a long position due to a potential run on liquidity area (i.e stop run on low price - see lines in purple).
We can expect a rally up to previous liquidity zones at 0.7430-0.7440 with stops below 0.7350.
Nice area to watch for a potential bearsih move.
Be very careful as the trend is bullish. First target will move the stop to BE and see if we can reach target 2.
I will wait for the 1H + 4H engulfing candles to close to decide wether the down move is valid otherwise if the candles do not confirm I will invalid and close my sell entry.
My expectation on this trade is to be short on the High of the current week. The price has reacted nicely on the resistance identified (purple and blue line).
My targets will be on the low of the previous days as highlighted in green.
The price reacted nicely to the Monthly resistance drawn (Black line), my entry is set on the retracement move.
Target will be on price structure area.
Simple set up, if it doesn't work I will add it to my good trades check list and move on to the next one !
Nice area to Watch for a potential bearish move.
The price reacted nicely to the Monthly resistance identified (black line), the retracement back will be a perfect situation to find my short entry at a better price.
Here is an example of the analysis I am doing every time.
The black line is my Monthly zone which in this case represent a strong level of resistance. The zone has been tested few times but not to much to show me that level can still hold.
I am not entering blindly but rather on a daily signal or H4 (not below), if the market shows a strong bearsih...
Nice area to look for a short opportunity.
The market is making lower lows and lower highs with a trend starting to form (Monthly time frame resistance formed = reverse area)
My TP is set on Monthly time frame.
Long term trading
The market has been unable to break the 114-115 area since the begining of the year 2017.
The UDS is weak and I will take this opportunity to re-enter the highs expecting that the down move will be duplicate.
The Market has reacted to the weekly resistance.
I will short the pullback even if we have a higher resistance above where the could make a higher move but do not forget that we trade what we see not what we think.
a Nice opportunity is presenting on EURJPY with a 1/4 risk reward.
The market made an attempt to cancel the drop down that I highlited in yellow (NFP). As this is done now the market shows that the interest is bearish. If we see the break of the trendline becoming resistance we might see the 130's target being hit (200 pips).
Be carreful with the blue...
Daily supply zone identified where the market tried two times to reach the resistance level without success at 0.974.
I am planning to go short on a new retest to reach the first target at 0.9660 and last exit at 0.9610.
Happy trading !