TraderDaddyOG

04:04

TraderDaddyOG

Heres a hindsight view of the ALKS breakout this morning which was in correlation with it announcing earnings. But putting aside the fundamentals of the company, here we focus on technical analysis and how we were prepared for this breakout. Happy Trading!

04:48

TraderDaddyOG

We are wedging between strong buying algorithms and controlled selling algorithms. Looking for the buying continuation to break us out of controlled selling channels and retake a strong level to then retest, act as support again, and attempt to retest new highs.

05:13

TraderDaddyOG

It could happen, tomorrow, or in 2 months from now - but the chart is giving us an opportunity to potentially catch a huge move on this one if we break out of this tapered selling channel, as we saw happen before the huge spike in early 2023. Feel free to reach out with questions or comments!

TraderDaddyOG

Howdy - Quick idea here for potential short term and long term setups. We are in a weekly uptrend and recently saw our first signs of weakness by a double top and neckline retest. The next moves will decide whether we continue our bullish performance or continue to see struggle from buyers at this level. Bullish Bias: On the weekly, we broke out of a strong bull...

TraderDaddyOG Updated 

We just had a clean breakout of a wedge to continue a strong downtrend - will look to short if we mitigate our supply zone on a retest of the wedge and create a LTF CHoCH Coinciding with my previous post, we have been sustaining a healthy downtrend while mitigating our intended supply zones. Price has now shown higher time frame signs of reversal and created our...

TraderDaddyOG

Following your trade entry rules is the key to avoiding Following your trading plan is the key to being a consistent trader! Make sure you have thought out objectives that are being hit prior to entering a trade. We want to create a system where once your initial signal is hit (such as a HTF supply zone mitigation, strong level hit, FVG mitigation), we then...

TraderDaddyOG

We recently broke out of a falling wedge and created a major CHoCH to the upside after a long sustained downtrend. Here I show near-term trades for either scenario. Highlighting the potential of both supply and demand liquidity grabs for an ultimate reversal upward. Happy trading!

TraderDaddyOG

We are wedging down and losing momentum for a continued downside push. On the HTF we have major imbalances above and will require mitigation of supply in order to continue this downtrend. Looking for a FVG mitigation below and to find support at 70% retracement fir upward push to break out of wedge AUD-NZD Buy Opportunity. 3+ R:R Reversal

TraderDaddyOG

For a more detailed analysis, see my former post linked below which highlights many points of confluence for a bullish trend continuation. Here however I want to focus on our current move as we are approaching a strong upper resistance level . On our weekly chart, we're approaching a large resistance level in the top of a HTF wedge and the bottom of a large...

TraderDaddyOG Updated 

NZD/CHF Below in the updates I will break down my analysis of NZD/CHF and how I use Multi-time frame analysis to confidently and healthily create a bias and build a story that lead to short term and long term (and non-objective) trade setups. Further detailed analysis and charts below Happy Trading! - FourXtrader

TraderDaddyOG Updated 

Bullish Outlook In this post (Bearish Outlook and former post update below), I highlight the potential bullish confluence we’re seeing on multiple higher time frames. This HTF reversal could begin with the former strong support level that we broke through but could act as support again – this would create an extremely convincing Inverse H&S as our left shoulder...

TraderDaddyOG Updated 

EUR/CHF – 9.27 We are at the top of our HTF Supply zone where we are just breaking through the strong resistance at the top of a HTF symmetrical triangle. I’m not convinced of this breakout and am expecting this to be a liquidity pull above former structure. I see an opportunity here to short the liquidity grab and ride price back down into the triangle and toward...

TraderDaddyOG Updated 

In a HTF support bounce and much needed liquidity push for the buyers, we are looking to see a pretty sustained and strong push to the upside to mitigate upper supply levels and resistance levels on the fib. Potential 3 R:R trade if we mitigate this LTF demand zone and make another BOS

TraderDaddyOG Updated 

EUR/USD is showing signs of overextension on the daily. With an RSI reading of 24 and nearing the bottom of a declining trend line, we should start to see some calls for liquidity from sellers, opening up the opportunity for buyers to recover slightly. I identified our upper supply zone which which sits right at our Major CHoCH level. I’m expecting price to...

TraderDaddyOG

Quick short idea I saw on the charts today: HTF Recap (from former post - linked below): We are currently at an impasse on the weekly chart as we could not create a higher high after a strong bullish trend. We recently mitigated the HTF supply zone and held at former strong support however we are now struggling to break our former high. I believe that if we...

TraderDaddyOG Updated 

In an update to my previous analysis and trade setups posts on the USD/CAD pair: We are now seeing the rejection we predicted after grabbing liquidity from our HTF supply zone. We rejected off of the upper trendline and are continuing an unconvincing downtrend and more of a consolidation. A breakout to either side is very possible. This can be part of a massive...

TraderDaddyOG Updated 

Walkthrough of a trade entry that would yield a 4.4 R:R if successful. We missed the initial opportunity when our CHoCH demand zone was mitigated but still opportunity for a long play if we create this BOS.

TraderDaddyOG Updated 

Time Frame: - Weekly & Daily for analysis - 4 Hour for execution Trend: Currently in a LTF uptrend within a HTF pullback - Weekly = Down - Daily = Up This one is fairly simple and straight forward but what makes it such a good opportunity is its’ potential of being the reversal pattern in a massive trend reversal. As I mentioned in more detail in my last...