Trade_Fanatics

Trade_Fanatics

Buying a forex pair when approaching a level of support is a common trading strategy used by many forex traders. Support levels are areas on a price chart where the price of a currency pair has historically found buying interest and reversed its downward movement.

Trade_Fanatics

There is a level where market resisted more than once, leaving behind an area of liquidity. This area is expected to be broken but for the continuation to the down side, we need the market to either break correctively or make a false breakout,moving back under that level.

Trade_Fanatics

The index has been moving in channels, with the recent one being an ascending channel in which we expect the market to reverse after breaking the structure.

Trade_Fanatics

The index has reached an area of resistance, this is the area we could look for short positions in. This area has a lot of liquidity, so market could possibly spike up to take stop losses and trigger buy positions so that more short positions could be added.

Trade_Fanatics

Market has been moving within a range, in attempt to correct the impulsive move to the downside. This corrective move is without momentum moving up, indicating the lack of long positions in the market and short being dominant.

Trade_Fanatics

This pair is approaching an area of support that had been liquidated. The corrective move to the downside is a good indication tha the overall market structure wants to be bullish

Trade_Fanatics Updated 

Since this pair has been on an uptrend with no recent resistance level to show, I found a level from 2009 which intially should have caused a rejection, but was liquidated to take out traders who were going short in this area. Allowing commercial traders to enter short positions and be profitable.

Trade_Fanatics Updated 

Another pair that could indicate the strength of JPY in upcoming weeks if not months

Trade_Fanatics

USDJPY left a lot of unmitigated levels while on this uptrend and began breaking flags(corrective phase) to the downside indicating a lot of selling power the pair is gaining.

Trade_Fanatics

The corrective phase this market had while it was going down indicates that more long positions were being added and will eventually take over. But with the break to the upside, knowing that retail traders were also expecting to buy in this area, commercial traders had to change the direction in which retail traders think of excecuting (in this case from buying to...

Trade_Fanatics Updated 

From the previous analysis, we identified the area in which the market is expected to reject and be bullish. This is the area which that will have more sell stop oders just under it and stop losses of long positions. If this area is approached in a corrective manner and at the last moment indicates a liquidity sweep, then the bulls will definitely take over and...

Trade_Fanatics Updated 

There is a huge level of unmitigated liquidity, which is more likely to go short and pass this level. On the recent range we see support that has been broken and would turt resistance, supporting the overall market direction

Trade_Fanatics Updated 

The highest level USDZAR reached within this range, was a liquidity sweep strategy before the actual short positions are placed. USDZAR could go below the 18.0000 level by the end of July

Trade_Fanatics

A recently liquidated area of support provides more confirmation that the market is to be bought as it again tests these levels

Trade_Fanatics Updated 

Position Description: USD/ZAR Long Position Position Title: Foreign Exchange Trader Position Type: Long Position (Buy) Currency Pair: USD/ZAR (United States Dollar/South African Rand) Trading Strategy: Trend Following

Trade_Fanatics

Updated Short position from previous analysis. I expected the bears to take over quite early, not realising an unmitigated area of liquidity above my AOI zone.

Trade_Fanatics

An area of interest is seen from the 4H to the daily timeframe. This is the area where retail traders were already taking their short positions with stop losses just above, and a lot of pending buy stops on the same level. What then happens in this area is that the market pushes above that level to hit stop losses and trigger buy stop orders and immediatetly...

Trade_Fanatics Updated 

Position Description: USDCAD Short Position Position Title: Forex Trader Position Type: Short Position (Sell) Currency Pair: USD/CAD (United States Dollar/Canadian Dollar) Trading Strategy: Counter-trend Trading