so Cad/chf has a potential of pushing deeper to retest the demand.... they might be a shift in the market from bearish to bullish
monitor the behavior of market might also drop around here the issue is that its so obvious and the consolidation forming too close too it. a force liquation of that area might just provide us with enough volatility to push into 1975.
update. looking at the behavior and last quarters supply got me thinking we might have deeper push to the upside to liquidate the obvious supply which I'm sure is saturated by sell orders and limits, therefore they might actually provide us with momentum to push higher as they a lot of stop losses residing above
this is a morning trade a quick one for breakfast, lets eat and yourl can thank me later, the thesis behind this trade is simple i wanna sell to buy meaning if the markets breaks above the recently created high ill be wrong and out of trade will risking not more the 25 pips to make at least 100+ pips scaple trade highly risk!!!
i am looking to nzdjpy as it will retesting the recently created daily supply, these behind the sell is to retest the demand of the year 2022 and perhaps trade even below, NOTE the market is in consolidation so be careful a spike might occur before the initial move. goodluck
shared this trade on my private side, ill be looking to sell eurcad but ill be closely monitoring how price is behaving i have two areas of interest so don't just execute!!!
hope you guys secured your pips as the markets dropped 100 pips before coming back to breakeven, so now ill suggest if you have the money hold the sells than we will be looking to hedge against the sell to push price to 0.61000 sell to buy, ill update once we reach 0.61000. goodluck
so this pair is currently trading at 2022 overall supply which is also where the market peaked for the year 2022, therefore ill be looking a force liquidation of that peak to create an overall 2023 peak but ill be closely monitoring 0.92454 to see how price react and if price can break below 0.91955, ill come back with the update
i still stand by this trade but has risk!.. did a bit of resetting to check if everything was lining up making sense
so G.U spiked above my zone as anticipated than went into a consolidation will be looking for it to push up for last time before the drop, monitor DXY!
okay last week decided to close this trade due to Dxy not meeting my requirement, therefore ill be looking to ride the trade again wish me luck LOL
update: so the market came back to take breakeven, there ill be looking at 1.90054 around there as low risk area
posted this trade on private but decided to share with the public, this trade we be risking less than 160 points but seriously monitor the momentum and how we behaving going into London open, DONT JUST TAKE BECAUSE ITS AT OUR AREA OF INTEREST! Ow and we have PART 2 of this trade we are just testing the water right now
top of the morning will be looking to sell G.u will be motoring time and behavior coming into my zone goodluck!
lets discuss this current trend weather weve reached the peak or not, this will be crucial in making a decision, so have we peaked whiile also taking into consideration 1938 to 40
ill be looking to sell this audcad has high possibility of happening
looking to buy usdcad but will be testing the waters first to see how it will be reacting, issue will be the dollar index which has high probabilities of decreasing in value 102.200 or even 99.00 (short term trade) this one
low probability but probable, looking to sell nzdchf as it will retesting the recently created supply ZONE and also we be takin into consideration the Dow theory if it liquated we are wrong. share your input or edits lets ride!