Pending Limit Order: Buy AUD/JPY 73.81 TP: 73.91 SL: 73.66
This could potentially turn into a stop hunt. As we see price created the illusion it was bouncing off support (see the blue arrow), and has now returned and broken below. 95% of retail traders are told to buy at support and sell at resistance.Guess where they are also told to place their stops? Right at the dollar sign. Liquidity the banks need to fill their...
Here I have the DXY where it is creating two new equal lows... essensially for the reversal we would be looking at the next 'bounce' point for price action Here I use Fibbs to mitigate my entry with 50% being the higher risk and 71% being more sniper entry!!
Confirmations Market structure Institutional candle highlighted in yellow Fib levels are between 62 - 88% Imbalance below 4 out of my 5 criterias have been met which has made this trade for me a high probable set up, i am expecting price to go higher to atleat 50% of the institutional candle which is where my second entry is however right now price seems to be...
Price reached 0.86000 whole institutional level which surprisingly matched the level of imbalance. Expecting a pullback upwards at least to 0.89000 imbalance and the middle of institutional candle. We missed an aggresive limit order entry, but lets find some entries on lower time frames. GOOD LUCK. Potential 250pips
Buying the pullack till imbalance and also a 71% fib level. We buy up the pullback, and then sell down from 71% fib downwards to the sellside liquidity pool
Following up from the previous posts about the structure of AU, the upper bound ceiling mentioned in the previous post has held true to its form as a price zone of resistance.
Possible idea on euro/swissy, expecting a retracement to the middle point of liquidity capturing candle 1.10300, possible strong reaction downwards towards sellside liquidity pool
Expecting an impulsive reaction downwards from 0.90500 level. 71% OTE(optimal trade enrty) fib level agrees with the imbalance zone and the strong level of 0.90500. High probability trade, minimal risk, tight stop loss just above 0.90675 covering the top of liquidity capturing candle 4H chart September 19 04:00 o'clock (UTC+3).
An intresting range between 1.62000 to 1.63700 has formed on EUR/AUD 1H chart. Buyside and sellside liquidity pools have been created(equal lows, equal highs). Sellers have already been taken out, now its buyers turn :) I identified a set-up, now we wait for a retracement to 62%-71% fib level, half of the order(sell limit) rests on 62% fib/the middle point of that...
WYCKOFF ACCUMULATION / RE-ACCUMULATION / MARKUP. Annotations on chart.
Example of Institutional Demand
AUDNZD - textbook setup. This one can be sold into 1.05340 for a cool 150 pips profit. Let's get it!
With the last equal low below soon to be taken out the market has left a lot of liquidity pools above combined with imbalances and mitigation zones. By identifying institution candles also this trade is a high probability set up for me as i believe the upside targets must be taken out before a continued downward move. I plan on holding this trade for as long as...
Major zones to keep your eyes on. Long bias for the long-term, but short to midterm downside is a possibility. Never close your eyes to reality - drop your stubborn emotional bias. lets go!