US DOLLAR SHORT / EUR, CABLE, AUSSIE AND YEN LONG !
What i want to see going forward this following week. Price opens moves higher fills the gap ( Green box) and hunt for bearish Price action to go short.
If price moves higher, wait for the price to raid the stops at most recent intermediate high into 90.18 level for short. Target 89.00 level
Sell Price: 106.139 Risk: 50.6 Pips
Stop loss: 106.645 Potential reward: 141.5 Pips
What i want to see to get short. Price to move higher raid stops resting at the most recent intermediate high ( weekly open @ 105.954) into the 106.139.
If it moves lower take some profits at 105.262...
What i want to see going forward price to break above the 1.23587 and move lower form a intermediate swing low and move higher ( this sucks in weak longs most likely they are long and have stop resting just below the most recent swing low) and move quickly lower with mass and velocity into 1.23587 for a buy. If price moves lower wait for price to reach 1.22961 for buy.
Please go back and refer to my idea posted on March 9th for short term long.
The vertical blue line delineates where i projected the probability for higher prices on the pound. Since then the price has moved higher broke above the
1.39102 level. The chart depicted any move back into 1.39102 level is a potential buy. Price did retrace into 1.39102 and preceded to...
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We may experience a high level of volatility today. A whipsaw moves targeting stops.
Price opened at 90.41 and moved lower. Currently its at Weekly open 90.20 level. Notice the diagonal line with red x. I see that as trend traders stops resting. If price...
Price opened 1.23352 and moved higher. Notice the lower high swing( Green X) Price moved lower 4 candles and quickly pushed higher 2 candles and raided stops resting at Green x.
Price has moved sharply lower. This is a sign for me that someone with large fund had stepped in. I believe market will push lower to raid stops resting at 1.22580.
For me, a higher...
CYH: Current year high
MO: Monthly open
Notice how price moved quickly lower and ran stops neutralizing the week longs.(Green x). Price opened and quickly moving higher. If price breaks 0.72284 level. Wait for price
to retrace back in for long. I believe market will seek higher prices. Also notice the resistance at Current year high level.( rectangular...
Red Vertical line: Previous week open
Green Box: Last week Price movement
WO: Week Open
MO: Monthly Open
YO: Yearly open
Week opened at 1.28111 level and moved sharply higher on Tuesday. This inefficient move probably caused by news (CPI m/m,Core CPI m/m & BOC Gov Poloz ).
The price went...
Red vertical line: Week open
Green box: Last week trading
Magenta horizontal line: Monthly open
Week opened at 1.23058 and price moves higher and finds resistance at 1.24125 level. Price moves lower passes weekly open and runs stops at previous swing ( Green x) at 1.22723 level.
What i want to see going forward for this...
I see the dollar in a range. The high 91.01 PYL level and low 88.35 level.
1. Price opens and moves higher into MO level finds resistance and reverses and moves lower.
2. Price opens and continues to moves higher and raids the stops resting at 91.01 level and reverses and moves lower. higher probability trade.
3. Price opens and continues to move higher...
I want to see price break above the 1.39957 level and wait for retracement for a buy. It would make a higher probability trade ,if price opens and moves lower
and raids the stops resting at 1.38889 and quickly moves higher. If price continues lower than the bullish bias is not valid.
Wait for price to move lower at 1.2743 level for buy. If price moves lower and hunts the stops resting at most recent swing .Wait for price to reach Weekly fair market value at 1.2565 level for buy. Allow the price to move low upto WEQ (weekly equilibrium). If price continues lower than the long bias is no longer valid.
Price moved strongly above the previous high ( Strong resistance line) and moved lower. When price broke below the 1.28669 level i saw that as a break in market structure.
Any move back into the green box area was a sell. I had a market order at 1.28822 and stop 1.30033. The price moved higher very quickly filled my order. The fast move yesterday was probably...
Notice the Bearish candle in the green box. Price moves higher and neutralizing the weak shorts. Price moved lower and broke below the green box. That to me is a break in market structure. I will hunt for any price move up in the london session as a false move for sell.
The dollar posed to go lower in mind. I will look for buy in EUR, GBP, AUD, NZD & CHF.
Notice how price had moved higher neutralizing the weak shorts and finding resistance at Previous year Equilibrium. If i am reading the market correctly, Market structure has broken to the low side. Any move higher into the green box is a false move to trap all the sell stops resting at swing points. I will hunt for sell at the green box and scale off position at...