NotFrank247

NotFrank247

Per myfxbook, retail is 78% short on NZDJPY, making me bullish. On the 1D, higher highs and higher lows have been made, giving me no reason to go bearish. There's also divergence between price and Cumulative Delta Volume (CDV). CDV has trended up short term, while price had trended down. Suggesting a weak sell. Price has seemed to find support right around 80.00,...

NotFrank247

Per myfxbook, retail is 68% short on CADJPY, making me short to mid term bullish. There are also more short term inefficiencies in CADJPY to the long side than the short side. Price has formed support right above the 50% mark of a 1D bullish imbalance, making me even more bullish. Looking for entry at the 50% mark of the 1D, and an ultimate TP at a major 1h...

NotFrank247

Missed a great short entry on EURAUD last week. Had it all marked up and forgot all about it. EA is showing signs of weakness, with a Wyckoff distribution structure formed, and a 1D imbalance below the current structire. The 50% mark of the imbalance is at a nice whole level of 1.55, with the other 1h imbalances and orderblocks formed near a whole 50 pip value, or...

NotFrank247

I am bearish on USDCHF. USDCHF has set up for a nice short sell opportunity. Using smart money concepts, a previously untapped orderblock has been tapped. Price targets are 50% through an imbalance and a 1h bullish orderblock. Many local highs were developed throughout this cycle, giving confidence that a sell would come after manipulating them, as support and...