Potential reaction off of an institutional play with the yellow zone highlighted, we may see this move happen for multiple reasons such as also being in my kill zone area which is between 62%-88%.
This trade may happen before market closes however most likely next week let keep close eyes on it and if you see an opening take it.
This is a nice 3:1 ratio trade...
This chart on the daily looks so juicy for a buy and as my confirmations line up i look at seeing if price will either go up to mitigate or fill imbalance, if it does so will we see a reversal happen or a change of strong direction?
Maybe, thats why we trade with a stop loss
However we cant ignore the fundamental factors going on right now within the eurozone...
Expecting this to come down before a long trade set up.
I dont send out many trades for crypto but as we approach XMAS i will be increasing the volume of crypto trades i send out!
always move stop loss to break even when you are 50 pips in profit when it comes to crypto.
Institutional candle highlighted in yellow
Fib levels are between 62 - 88%
4 out of my 5 criterias have been met which has made this trade for me a high probable set up, i am expecting price to go higher to atleat 50% of the institutional candle which is where my second entry is however right now price seems to be...
Multiple entries on this since the sniper shot, having fun risk free i hope you guys are too.
There are a lot of other pairs that i am also giving out in my free educational channel, Link in bio
Short term sell
Looking for price to fill imbalances and clear liquidity before my long term buy comes into projection.
Overall structure is still bearish and in light of the safe haven yen (JPY) being more dominant in todays current market due to global economical data i am in favour of seeing a stronger push down.
I like this set up for multiple reasons.
My confluences are :
Bearish structure has been broken
62% on Monthly fib
70% on weekly fib
Red box = Mitigation zone on smaller time frame.
Discounted price for a buy
Above price currently there are more areas of liquidity and imbalance to feel which grows my confidence in believing this to be a high...
Kill zone activated my trade order, With fundamentals playing a strong factor in the bullish momentum right now i have been waiting for a pullback between the 62%-88% zone in order to place a buy.
Looking at trailing my stop loss with this trade as i do with every trade.
Be sure to check out my free educational telegram channel, link in my bio
Looking at staying long with this pair in hopes of a weaker dollar, between 62% and 88% will be my kill zone area.
My red box highlights the mitigation zone and will be looking to see if price reacts from inside the zone off of smaller time frames.
As today is Monday i will not be eager to place a trade unless i see a clear confirmation.
Bearish opportunity for a quick sell prior to a potential big buy, with price action showing us lower levels of reaching and low volume right now i am bearish on this until most likely NYSE open when we should see a strong pump upwards.
Quick smash and grab before long term set up, trailing already in profit so enjoying this trade risk free
Like the look on this, already secured 20 pips before we have seen a bullish pullback however with large targets to the down side and a short term strengthening dollar i am in favour of this being pushed up possibly higher before we get a move down.
This for me shows me good signs of reversals using fib and market structure.
This is a trade to hold or scalp moving your stop loss accordingly if you are looking to secure some profit.
Lets see how it goes!
Bearish set up as the last couple of weeks have filled imbalance as well as played off of the 70% fib. I am looking at shorting this pair for a few reasons.
-Imbalance above filled
-Mitigation zone below
-Failure to break bearish structure
- Liquidity below
With the last equal low below soon to be taken out the market has left a lot of liquidity pools above combined with imbalances and mitigation zones. By identifying institution candles also this trade is a high probability set up for me as i believe the upside targets must be taken out before a continued downward move.
I plan on holding this trade for as long as...