Look at UCAD based on how the market is moving and what the market may do based on how things are performing with the DXY (global economy).
I believe we see the same thing happening here as we do with EURUSD. You can see similar activity (volume) in relation to what is happening with the Dollar. Right now we are in FULL "risk-on" with the global community we are in and how BIG $$$ sees things. See chart for in-line notes.
Looking at this from the perspective of today's London session and comparing it to the last couple of days. See notes in-line.
Looking for a new opportunity. Right now price has created a lower shadow (wick at the 50% level of the green bullish candle. In order for this to be a dark cloud cover, the current candle has to close below that 50% mark then on the next session to confirm the move it would be perfect if the bearish momentum continued and then closed below the current red candle.
I read something that made me think of something Steve Gregor had said in one of his teachings about the "failure" rate in this space (trading). "They" say the failure rate is 95%+ and that the failure rate is based more on the individual's psychology that has a direct impact on their trading decisions. I know personally that this is true from the things that I...
Looking at EURUSD finding resistance at a key baseline within a 2H supply zone. Notes in the chart explain what is happening with volume and associated price action.
I miscalculated the entry on the wrong candle, instead of the candle that was in front of me so my pending buy limits never took place. Overall, the trade idea was correct entry was the problem.
Re-entered on this based on volume and associated price action.
Here is where we are currently. *See EURGBP trade idea.
Looking to see how price action plays off of these levels.
Looking to an initial TP at S1 and then confirming if this momentum will stay during the NY session.
Following in the footsteps of EJ short and the GJ long, looking to short this pair.
Going long off of GJ based on price action on a key zone.
Shorting this and then looking possibly to take this down more all based on the weekly.
Looking for BTCUSD to come back down and grab some liquidity and then head up.
Fresh zones to look at some potential opportunities for future price action.