the5erstrading

the5erstrading

Hey Traders, How many times in your trading career have you had a set up that you are so confident in and is so clean that you just enter it without checking for confirmations? How many times have you seen price retract into a demand or supply area with so much force that you simply think it cannot go wrong? This trade setup right here is a prime example of why...

the5erstrading

Hi Traders, Firstly, here on the four hour chart as our previous drawing indicated we wanted to see a break of that recent high and then they push back into the zone and all the way down to the local demand. Now we had this quite quickly, as you can see, we just taped up above the most recent high. It printed some orders there and then was followed by a very...

the5erstrading

GBPCHF in a very very early stages of a potential perfect 1-2-3 play. Keep an eye and follow the step by step play to see if we can pinpoint an entry from this idea.

the5erstrading

EURCHF has managed to create a BOS (Break of Structure) two times over, indicating it may be time to start thinking bullish. I am looking for entry points around the area of demand that managed to group enough orders to break the new found recent high. Keep an eye on the lower timeframes for indication of a move.

the5erstrading

Head and shoulders formed on the GBPUSD pair. Looking for a strong break of structure to proceed to the upside, keep a close eye on it with the right shoulder not being overly convincing in my opinion. -Jordon

the5erstrading

GBPAUD has managed to break structure to the upside then form a strong pullback into the previous demand zone. While this zone has been tested a few times, if we see on the lower timeframes elements of bullish behavior, we should look for opportunities to go long.

the5erstrading

Keep an eye on this pair, as time moves forward check the lower time frames for a potential indication of bouncing from this supply zone. We have moved up to it in a strong fashion, could reject and immediately drop or rip straight through it.

the5erstrading

Looking at the overall strength of the USD we can see a potential double top forming. This is a pivotal moment in the USD to see if we can continue the strength it has shown, or whether the tables are starting to turn.

the5erstrading

Keep your eye on EURCAD as we have pulled back into a strong supply zone. We could see a strong push to the north based off of the original move we saw.

the5erstrading

AUDUSD may of just signaled that it is ready to start heading lower again. If we pullback into the recent highs, I will be looking to go short upon an entry signal.

the5erstrading

NZDCHF is forming a pennant on the 4H chart. Can see the orders starting to compile and expecting a breakout in either direction. It may end up just forming a sideways channel once breaking out so please take that into consideration prior to trading it.

the5erstrading

Looking at a break of structure finally on the EUR pair. Will be interesting to see the strength of the pullback and whether we can bounce stronger. Keep an eye on this pair and where it can potentially move.

the5erstrading

While there is not much opportunity out there for my system the past few weeks, I have noticed that USDJPY has formed a large channel. This indicating fair price and in reality, only more news could result in breaking this channel. Let me know what you think and how you plan on trading it!

the5erstrading

USDCAD much like GBPUSD is trading in a channel on the daily/4h chart. After a minor uptrend, we can see that price has created a lower low and has now pulled back into the supply zone. Keep an eye on the lower timeframes to find a break in structure to indicate a move lower.

the5erstrading

GBPUSD has been trading within this channel since early February, after testing the top side 3 times, it generated enough bearish pressure to break a lower low. Looking for a pullback into the supply zone at the top of the channel to then further short to the bottom of the channel. What is your analysis on this pair?

the5erstrading

AUDNZD has been on a very slow and gradual increase of price for the whole of 2022. It however has just managed to break structure for potentially signal a downward move. Keep an eye on the pullback into the 1.067 area and a confirmation of a price turn. RR can be very favorable.

the5erstrading

NZDJPY setting up for a nice turn of trend to the downside. After seeing the strong original push, it has now retraced into the "Kill zone" and has subsequently broken the trend line. Looking to short this to the recent Lows on the daily chart.

the5erstrading

CADJPY has set up a lower low followed by a slow and steady pullback on the 4H. We tapped what I like to call the "Kill zone" and shown a strong move to the downside from there, breaking the trend line. Keeping an eye on this one for an entry point.