Backtest results : prnt.sc Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs/lows) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is...
Price is currently stuck in two opposing trapped traders zones on 4H chart. It'll be interesting to see how these zones play out next week. This week, we already had a good short entry when price reached the zone where longs were trapped!ht We might also see more fake-outs on either side which will further trap more traders!
Backtest results : prnt.sc Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs/lows) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is...
Backtest results : prnt.sc Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs/lows) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of that zone. Zone is...
Looking for this long position. FOMC coming up too. FOREXCOM:EURUSD
-JordyDaddyFX There is liquidity sitting above the highs see how there's a triple top. rice can go ahead and sweep those highs off if DXY will continue to be bearish. Until then my BIAS on DXY remains BULLISH. I will buy off on the 1H chart when it touches the OB or fills in the FVG by it. I will take partials but keep in mind price won't likely go to those...
Since DXY is consolidating there's no actual direction right now. Juts trade within the range and don't expect much. Since price broke a high price can reverse and go a bit lower just like how it did yesterday. Either buy to sell or sell to buy scenario.
Wykcoff accumulation is spotted to me for the USD. So i expect it to sell to fill the inefficiency then shoot up or sell to the bearish OB then shoot up.
Going into the new week, we can expect the Index Breaking the Market Structure to the upside and creating a swing low at the Previous Bullish OB before rising to create an higher high thereby clearing the Liquidity Engineered.
Liquidity are yet to be taken out to the upside. Price Retesting an OB possibly creating a Bearish Order Flow. DXY @ a Daily Bullish Order Block.
Reentry on my view from 06/16/20 price finding support at H4 +ob see a retracement taking out buy side liquidity on previous days highs 0.69000 a level a lv to pay attention too also filling FVG that is shown on H4
This is just my view and that can be incorrect!
This is just my view and that can be incorrect!