This pair has been horrible to trade, it is caught in a very ugly looking range that keeps teasing us with structure shifts.
I won't be interested in trading this pair until we get a clear breakout or a scoop manipulation as illustrated. Until then we must sit on our hands and look for trades elsewhere.
The majority of retail is buying USDCAD according to...
The Brexit agreement created a lot of optimism for the pound which impacted the sentiment and introduced retail buyers into the market.
If you pay close attention, you will notice that two sets of liquidity have now been purged, potentially giving the banks enough volume to create the next upside move.
The first liquidity hunt was the push past resistance...
I am highly interested in selling USDCHF if this pair manages to remain below the key structure level marked. My target would be the previous double bottom formation-level marked, remember to always keep your eye on the DXY if I attempt to tackle this pair.
I would think the majority of retail will now be expecting buying continuation after seeing this 4-hour structure break and re-test. Personally, I am more inclined on selling pressure down into the key level marked. This will wipe out the majority of retail SL's before flying to the upside. My current bias is bearish but I am happy to flip biases if we see a close...
My bias going into next week is bearish for this pair but this can flip at any point depending on the price action we see. Sellers have been trapped twice now as shown, banks may now have enough liquidity to create a strong move to the downside, similar to my GBPUSD analysis.
I will be patient with this pair and allow the structure to shift before I get involved....
GBPUSD has bounced from the lower level of the ascending parallel channel, the majority of retail will now be loading up there longs, especially after crossing the key structure marked. Personally, I believe we could potentially see a structure shift like the one marked with a strong push to the downside after the re-test. If this doesn't happen then i will just...
A follow up post to related idea I shared below, me and the team got in at the manipulation and are now flying to the upside. Fingers crossed we manage to break this key structural level and can shoot off like a rocket, I will keep you updated.
We may be a little late to the party on this one but I may consider placing a sell limit from the lower time frame order block I have found. What you witnessed was clear manipulation, firstly we saw price drive to the upside gathering liquidity from the resistance sellers, only to convince retail that price was proceeding to the upside, a strong manipulation wick...
Tough market to trade this week, the level of manipulation is out of this world. Im very interested in trading this pair, what I would like to see is a confirmed close below the structure marked to be able to sell it. If we see price shoot to the upside, I will leave this trade untouched.
COT Data - 64% Lonf
Bitcoin (XBTUSD,BTCUSD) got strong support in a violent way, out of many people's exception. Whether it was manipulated by whales or not, a Demand Zone is out there: 9100 - 9500.
Double Long Wicks in 1H
Blue in 4H Ribbon of "9 Seasons Rainbow Multi TimeFrames Pattern": which indicates strong support
Expectation for Later move:
66.6% The Support will push...
It is so unfortunate to realize that Crypto Space community has gotten used to these obviously artificial price spikes, leading to as artificial and fake looking trading "patterns" creation.
Isn't it bloody apparent that all cryptocharts are basically being drawn to someone's likes?
DO YOU WANT TO DO SOMETHING ABOUT IT?
GOLD has been playing out PERFECTLY
After the bullish flag / ABC Correction we received, we got a rejection off the longer term TL which has provided plenty of liquidity driving price up to the Resistance at 1345.
I expect price to pullback to the blue 50-61.8 sweetspot highlighted in blue, before another rally towards 1,400
As you can see, BTC has gained a lot of selling pressure over the last few days. Perhaps due to bigger participants taking profits after we hit the psychological number of 9,000.
The ADX shows buyers are starting to gain dominance, indicated by the red line crossing the green line. And volatility is starting to pick up.
Furthermore, i have taken a previous move...
Trade Type: Position/Swing
EURAUD is approaching the area where there was the huge manipulation at the beginning of the year to mitigate. A lot of people are in sells currently which makes the market more likely to push up to take them out, before a long term bearish run. AUD news approaching and I expect AUD to temporarily spike...