Weekly supply in control. Startup short position. Will see if lower time frames will confirm and I will potential add to the position
Upon W sz being in control and the 10H supply created upon TL break and break of character, There is a 15M supply zone left behind. Thought of taking this short already in and working.
GBPNZD LOWER TIME FRAME TRADE EXPLANATION 30 min sz trade Hunting a 1/3 rr BUT we have huge W dz way lower. Depending on how the market reacts to this 30m supply, ratios might change to 1/4.5 or 1/10
Looking at going long on W dz Potentially will wait for lower time frame conformation and BOCH (Break of character)
GBPCAD short did not get filled in but level getting respected
EURCZK M up W up Looking at going long of D1 dz Ideally with a 4H structure break and confirmation I will not set a Buy Limit in place but I have my alert set and will trade it only with confirmation on lower time frame
Considering a countertrend short But I would feel more comfortable with the 65900 and 69500 levels higher. Waiting for the moment. If this zone will take price lower I will try catching a 4h or 1H supply zone.
Last level contacted was D1 nested within W DZ Waiting and waiting for the price to dictate where it wants to find equilibrium next. Shorter term trades are possible between the zones Adding to the watchlist
D1 dz was fileld in. Market came back to 4H dz above it and order got triggered 1/3 rr
EURCAD long triggered off the 4H dz I went long on EURCAD off this 4H demand zone 1/3 rr as usual for swing trade OR W supply can be targeted
GBPCD possible short off the D1 SZ Targeting W DZ
D1 down on BTC Weekly demand lower 4h supply formed for lower time frame short possibilities
Possible LONG on META stock off W dz 1/3 RR Maybe it is possible to target opposing D1 imbalance
EURGBP possible long on D1 demand zone M demand in control W demand in control D1 pending order set @1/3 RR ratio As always once the market gives a 1/2 RR I will be closing half of my position and bringing the SL to entry, while maintaining the final target at 1/3 from entry Happy trading Stay green
Long bias Ideal for longs would be a retracement to W or M dz. Would be great. Lets wait and see Watching. Long bias atm
US100 update Watching for a 4H momentum shift to the upside We need a clear trendline break, fresh 4H demand created. Only then we can consider something like the 4H momentum shift trade
4h TL has been broken and market reacted as we mentioned in our previous idea. Will be checking out the COT report from the CFTC and we will be positioning ourselves accordingly.
EURUSD "IF THEN" scenario IF price rallies to the D1 drop base drop institutional supply zone which was responsible for eliminating the Weekly DZ, I am setting a pending order with 1/1 RR Check the snapshot of the CFTC COT report orders for EURUSD since the beginning of the year. Noticing the numbers for the last 2 weeks, it seems that a shift in positions...