London has lined up some interesting break and retest setups. Decided to go with UJ because we already have a trade depending on USD weakness, now we can try to capitalize on JPY strength as well. 'Break and Retest' setup right out the playbook is active using momentum based entry. Lets see how it plays out
DXY is still showing weakness across the board and while we trended all ASIA and may get a pullback if they go after stop losses, we must remain disciplined and trade in line with the market. In this case, AU has broken above 4h range and in our trading timeframe has shown us our classic playbook setup "B&R" using momentum for confirmation entry. Lets see if...
After Asia teasers, price may finally be ready for a correction higher, and we can take advantage using our B&R setup with momentum entry. Lets see if London treats us better
UC has met requirements for a H&S/Libra setup, as well as a reversal setup and even a breakout setup. We will be using the inside bar break out setup for this trade and expect minimum 1:2 RR
Londons first given setup out of the playbook seems to be an EURCHF simple B&R using the pin rejection as our entry criteria going for at least 1:2 RR
Price has qualified for our last setup of the day using a gartley harmonic entry with SL set using our proprietary ATR value. Lets see how this plays out
Price has met all requirements of our Break and Retest setup using depletion entry, should have enough gas for at least 2R. Lets see if the probabilities play out
Price has pumped to a very strong key level and neckline of higher timeframe double top. Now we may see the dump play out and have entered using our ABCD/EXT setup which calls for a SL using our ATR on our trading timeframe. Big potential for downside if price does fall
Price continues the technical uptrend and we had a major reaction from EU at the 618 fib level. Lets see if EJ follows
We have identified one of our playbook setups on USDCHF in a classic break and retest. Price in overall uptrend after breaking multiple downtrend lines
Now that the market has grabbed the money sitting below support, lets see if they play the dump and pump using a 272 fib ext and triple ABCD to join the bulls
Idea did not post, in line with JPY weakness, short term money has been grabbed and butterfly harmonic has been painted. Let's see if market follows through on what could be a big RR trade
GJ has produced one of our favorite playbook setups! the 'Reversal' with all conditions met to enter trade on a momentum shift to the downside. Lets see if we can at least hit 2R on this one
GU has presented a Libra setup right from our playbook with entry conditions met and currency strength on our side, going for at least 2R on this one
I am currently in a sell for US30 Reasons: Price is in supply zone -Market is respecting 4 hour, 15 min, 30 min resistance. -5 min support has just been broken. -Market is overbought and needs to balance itself out. -20 & 50 ema has crossed on 1min timeframe -Next strong level of support is 33880 (4hr) -My brain recognizes this pattern/behaviour use proper...
Price has stalled at a valuable structure and qualified for our REVERSAL playbook setup on MOMENTUM Lets see if we can capitalize on a quick correction for our second London trade. Probability of success: 50%
Coming in for a London session we see UJ has continued its bullish run and while its not the intention to continually find setups against the trend, we must trade what we see. ABCD/EXT sell limit using our ATR for stop loss to capitalize on what could be a quick 1:2RR corrective wave Probability of success 75%
My analysis for the price to reach the support area, before a new wave to begin Support: 1.0635-1.0555