slimbou_fx

slimbou_fx Updated 

Hey guys, hope you are all well. The outlook for the week is overall bullish. Looking for buys from the respective demand zones. Utilizing Multi-Time Frame analysis, we can see: Weekly Swing Bearish, Internal Bearish The recent bullish PA was to facilitate the internal pullback into the weekly POI. I am aware that the weekly zone has not been mitigated and we...

slimbou_fx

Good day traders, hope you are well :) Looking at EURUSD, we are heavily bearish, so looking for shorts is favored. Clear 1H POI, albeit not so well priced in the swing range, price does not always retrace deep (especially if the HTF's suggest that the swing run is likely occurring), another confluence is the LQ resting below the internal low. Toggled down to my...

slimbou_fx

Price delivery has been quite bullish across MTFs. With this trade idea, I am simply aiming for the weak M15 Swing High, which also has BSL (buy-side liquidity) as a confluence. This order is a risk entry, meaning that I just placed the limit order at the price level with all other price specs (TP & SL) set. Higher probability setup because we are pro swing &...

slimbou_fx

The order flow is bullish across all timeframes The area that could (possibly) be tapped into is the M15 Strong Demand Zone, this is furthermore backed up by the sell-side liquidity We'll see how the trade plays out. Obviously there are LTF refinements, hence the small stop size, but we could easily get a deeper mitigation, before price commits to continue the...

slimbou_fx Updated 

As forecasted previously, price hit our target. Now the one question you should ask yourself is: " How did price approach that POI (point of interest)?" In this case it is corrective (or structural), nevertheless, price is hinting a probability of downside momentum. High Probability. Personally, I drew those white trend lines to furthermore add confluence and to...

slimbou_fx Updated 

Since Dow did not form a flag continuation to the downside, our bias is hence bullish until it reaches the double top. So in this setup price made a flag continuation pattern within a larger rising wedge structure, and since the key level was noted, that is the take profit. Albeit not the highest of probability, it is still a valid setup. Drop a comment and let...

slimbou_fx

On the daily, there is a clear Head & Shoulders pattern that is yet to complete. The right shoulder is in fact an ascending channel (i.e. corrective) Since the price is reaching the key levels correctively (it looks like it will form a structure I will: 1. Wait for a third touch 2. If the third touch was reached in a manner that hints that price will sell,...

slimbou_fx

Overall bearish bias of the index. This setup is high probability due to the confluences, namely: 1. Market Structure 2. Mass Psychology 3. 3-Touch Confirmation 4. Price is still in the process of completing a HTF structure (we are at the middle section right now) I will go short upon the break of the LTF Head and Shoulders pattern. If a...

slimbou_fx

Bearish bias. Once price breaks the head and shoulder pattern and makes a flag, I will be going short and looking for the 90% rule