This pair looked great for sells, however, the price decided it wanted to come up to capture liquidity.
We have tackled the break and re-test stop losses and have now targetted the stop losses placed above the high.
Now that this liquidity has been wiped, we could see a strong aggressive sell-off.
I will be keeping this pair on my watchlist at the market open,...
Small corrective pattern spotted inside large corrective pattern on a higher TF.
Safer entry on break of smaller pattern or potential scaling opportunity. I would always recommend bringing original stop loss to entry when scaling in. Trade safe and keep losses minimal!
Liquidity has been swept at the low, lift-off is now ready.
I missed the initial entry point so I will wait for a significant pullback followed by rejection before I buy into the level marked with a tight stop loss.
Daily Chart - Break previous level of resistance making a new high...
H4 chart - broke support level failing to reach target, potential corrective (ABC) underway.
30m Chart - break of support, retest of previous support level as resistance 38.2% Fib level (trynna catch the higher timeframe retracement) which on the 30m chart is a "temporary" downtrend.
Tight order block holding beneath the so-called 'structure' trapped retail and wiped them out.
We missed the order block entry over the Asian session so we entered this morning off of the re-test.
We are now riding this position comfortably to the upside looking at 5R.
Fundamentally I am bearish on the EURO as Europe fight with coronavirus is still a tough battle even though they seem to be picking up the pace with vaccination roll outs.
AUD is looking very strong fundamentally as New Zealand and Australia are two of few countries that are recovering from the pandemic really well.
I AM NOT A FINANCIAL ADVISOR THIS IS JUST ME...
Morning Traders, happy wednesday, hope your all having a good week.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my...
Although the direction is unclear, we can still profit from the assumption that there is liquidity below the support created. I will be looking for a sell signal on the lower timeframes to get involved.
This has made a good retrace, I would like to see it touch 0.5 Fibonacci ideally before dropping. MACD and EMA's have this on the verge of being bullish on this timeframe so I want to see these cross back lower before entering a trade. If they do not then this could continue higher to the next resistance level before dropping.
I have set TP just below the...