Hopefully, my annotations are simple enough. It is classic Sam Seiden but with a twist from my own experiences as a trader. I entered this trade when price was in the supply zone and i will be looking to close it in the next 2 hours...depending on the candle formation.
I have only one question...Where the institutions will buy btc? Them can join to the game at 5800 or 5000 or 3000...there will be big move up and trend will turn into a bullish...I have 5 long orders: 5800, 5500, 5000, 4000 and 3000
I've been studying the Wyckoff Method laboriously for the past couple weeks and I'm beginning to see the institutional setups. I know I'm still a noob but remember ladies and gents practice makes perfect. Ok now that we got that out of the way: * RSI has broken out of the bullish trendline which displays bull exhaustion * We are at the upthrust after...
The COT report has shown an institutional decrease in Long exposure for the past 4 weeks on the GBP giving us a retracement from previous peak on the week of Jan 23rd. Despite this we can expect the pound to regain strength given what looks to be some hedging going on in the report and the JPY weakness. I'm definitely not 100% sold on the long idea as you will...
After a major surge upwards while closing on the previous ATH, #DAX might be looking to start a major pullback to gather liquidity for a bigger move up for new ATHs. A lot of shorts getting stopped out every day and there are still no signs of retail going bullish. Because of that we might be looking at another stop run before institutionals start taking profit...
USDCHF short scalp Strong resistance level Potential institutional orders flow Short the exact top and use trailing stop of 5 pips
Hello Traders! I see a lot of you asking about EURUSD today. Here are some institutional support/resistance levels to be on the lookout for. As long as we remain below 1.052 we should continue to see consolidation/downside on this pair. Our first major support below is at 1.0335. If we break previous lows at 1.0367 we will likely see a run down to 1.0335, then 1.0260.
Fresh level of supply now being tested. short bias. price could go down lower to opposing level of demand. 1st target would be the recent pivot low created.