I have been waiting for this trade for a couple of weeks and it's happening folks.
Sell GBPCAD @ around 1.7429- 1.7500
Take Profit 1, 1.665
Take Profit 2, 1.620
This is a long term trade so you'll be able to stack as the trade goes.
could take a whole month to complete so please keep that in mind.
On a Weekly level, you'll notice that it has reached a level of support and has touched 100% of the retracement.
We have about 3 wicks indicating the power of the sellers pushing that price on the Weekly Time frame, so as long as it doesn't break that level it is safe to say that it will continue to drop.
On the Daily, there is an obvious BOS(Break of Structure)...
I'm expecting this to go up to the 77.960 Level.
This is on the 38% on the daily Tf but it has no level of support, so I'm on trading this on the 4Hr and 1Hr.
I enter on the M15, anything new happens and I'll keep y'all updated.
I see a sell on USDJPY coming up ^^ Its on a sellers market a couple of things that I'm waiting on are for the retracement to be around 61% followed by a BOS on smaller time frames.
As soon as it reaches my preferred area I will be looking for that small time frame break of structure.
Also, I don't know if you notice that I put a small green...
Today we look at USDCHF breaking structure on the daily time frame so we should be looking at only sells but if we go into the 4hr time frame we see a LL(LOWER LOW) trying to break the previous LH(LOWER HIGH) so this could be the retracement for the daily that we're looking for either way if you're looking to trade this would be a good buy on the...
As we saw last week how EU got out of that BOS(Break Of Structure) now we look for future entries and places of interest for this pair.
I'm going to be waiting for a 61% retracement but at the end, I'm going to be looking for support and resistance/BOS on smaller time frames to the upside once it reaches my fibs and a oversellers marker on my stoch....
knowing the trend of your chart will help you not get headaches later on in the market.... Also lining them up with PRZ levels is an added bust to what you already know about the market.
If you have any questions please feel free to message me.
I haven't posted as much as I should and I'm sorry lol
Self-doubt is a bitch and it can keep you down, trust your analyst with all your heart and if you're wrong, learn from it. I trust my analyst and my strategy. I also keep my risk very small so I don't stress if it goes the other way.
I'll give more detail of this trade later on tooday.
BTC Has been on a downhill for some time but that doesn't stop us from buying with technicals, I'll be buying as soon as it reaches my area of interest at the 61% PRZ . This is about 50pip trade because BTC is still on a seller's market.
I will keep you posted and happy New Year!!
First off, Thank you for so much positive feedback I really appreciated.
Now, on the Weekly time-frame, you can clearly see that Eu is on a strong PRZ level 38% and that indicates strong buyers trying to take over.
However, if we look at the MA and ema's we see that sellers are having a big influence on the market with that 700 pip drop and...
So this week I see a couple of exciting set-ups and I want to post them up, One of them being GJ Daily Sell.. Let me explain for my GJ swingers lol, If you look on the weekly chart you would see that GJ is on an uptrend and that it has touched the 61% fib so for my swing traders this is actually a really good trade for you.
Now, why am I posting...
I see an area of interest for me to Buy BTCUSD.
BOS was broken on the daily and if you zoom in on the 4hr it will give you a clear entry for the week.
I will break down this trade as we get closer to entry.
Thank you !!
For anyone that's starting out and needs a second set of eyes on your charts please feel free to reach me on here.
I appreciate the feedback that I have been getting this past couple of weeks and something I that I been wanting to share with y'all is one of my confirmation.
I know you will do your own independent reseach on this and I wish you the best in your trading Journey.
Ps. I'm looking for a new HL point to get a new HH.