ZakRafiq0705

ZakRafiq0705

DXY's PA has been volatile. You can see the last up move filled a gap in the market. Now I'm just waiting for the market to tell me whether it wants to expand down or up. Todays election news will have a big play in this also.

ZakRafiq0705 Updated 

This wasn’t my original bias granted. But if you learn to read price action, you can adapt to the movements in the market and still catch amazing RR’s which is really the ultimate goal. My POI is based off of a BTS that took out EQH’s last night in the asian session, looking to get in on the 2 pip SL, if this idea doesn’t work I will update you

ZakRafiq0705

After analysing AUDUSD and NZDUSD as well as the DXY first, I jumped onto this currency pair to see if there was any potential. I've noticed the market has taken out EQH's before breaking structure to the downside. I've also identified some IPA. I did see some IPA above, but I will look into that if we see an even deeper retracement on the DXY. 800 pip+ potential...

ZakRafiq0705 Updated 

Looking at a potential short identified due to behaviour on the DXY. If we do break structure I will look to take an entry for the move to the downside. Thank you to Rok Kumar for the nuggets

ZakRafiq0705 Updated 

Looking at a potential reversal point for GU. SL is bigger than I usually work with but it is what it is, risking 1% but moving SL to BE once in 10-15 pips profit

ZakRafiq0705

Tried to post before price action hit but it was fast. Managed to get a position risking 1.5%, following my previous entry of a 1:40 risking 1%. This may come back up to the entry price but just miss it if you still want to take a trade. Please use risk management and monitor patiently.

ZakRafiq0705

Looking at a potential 1:55 short on EURUSD, my bias is relevant to DXY. Expecting retracement on Monday to clear up Thursday/Friday liquidity. My POI is based off of a BTS that needs mitigating, as it has taken out EQH's and left and IMB after it which is all signs of Smart Money. The market has left some EQH's to be taken out on the way to the POI, with IMB's...

ZakRafiq0705

As you can tell, my bias stays similar throughout different pairs. However that's not a coincidence. Here you can see that the market is building up liquidity which is to be taken before mitigating off of the IPA highlighted above. I will be setting a limit order to enter this. If you like my style of trading throw me a like and a follow, hoping to upload a lot...

ZakRafiq0705 Updated 

Following DXY's PA, we can see that we are breaking structure to the upside. Even though I do not trade on the DXY I still use it as it can be used as confluence for currency pairs.

ZakRafiq0705 Updated 

Here we see GBPCAD, building a lot of liquidity on the up and downside. Smart money does this to steal retail traders money and profit themselves. Due to my confluence with other GBP pairs, I am looking for sell positions to be taken as PA develops. My POI identifies IPA, LTF shows PA above to be healthy so there isn't a reason for the market to return above that...

ZakRafiq0705 Updated 

Looking at the probability of AUDUSD shorts, I've gained confluence from price action on other pairs. I'm certain we are going to see some sort of retracement happen at the beginning of the week, I've labelled out 3 POI's to study the reaction made as they are all insufficient PA. I will be looking at LTF PA to take a trade to increase my RR.