Still waiting for price to confirm the short on AUDJPY. Looking for the supply level @ 78.00 to confirm on the daily chart and then we are looking for a retest of the low around the 74.00 level.
Lots of consolidation here at this trendline that I drew to the downside off the weekly but it looks like price is finally confirming the trendline bounce off the weekly / daily supply levels.
All the GBP-crosses actually show the same pattern, more or less. Possible overextension on the higher time frames, combined with clearly increasing volatility on the lower time frames and a possible change in order flow. On this pair I am looking to go long if price makes it back down to the short term resistance zone around 1.6718-1.6740. Primary target is...
price is starting to consolidate inside a daily demand level while we have been in an uptrend. I'm looking for PA (price action: order flow)to confirm this level and see a couple of bigger bars to the upside. As institutions confirm this level then looking for profit targets @ the previous highs.
If that next order block doesn't hold The Dollar looks likes it could be pushing for another leg up, reaching for liquidity just above 96.40 if it gets there. Could be looking at some divergence on the way up. Waiting for the Sell signal. Also, if you notice the times of all the arrows, do not think that is just coincidence do you? Institutional Order programs...
Price is trading below the T-Line and a short divergence is about to form closing in to the supply zone.
Expecting the T-Line to hold price for further downward momentum, with a SL just a few pips above the supply zone.
Looking to stay in the trade for as long as price is trading below the T-Line and/or there is no significant change in order flow.
The same or...
Checklist for SELL Setup - Price Action.
1) Identify order flow: AUD -5 / USD +3 = AUD/USD SELL
2) Identify supply: 0.693 - 0.694
3) Wait for price to pull back to retail prices
4) Once pulled back: Enter with a SL just above the supply zone: SL 0.696
5) Target: Recent low or larger time frame demand.
Hello Traders!
The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L...
What is orderflow?
Order flow in any market is the placing of either pending or market orders. Prices may move due to the placement of these orders. What this means is that current value (i.e the spot rate) changes when there is a consumption of liquidity at a particular price level.
Why is this important?
What is occurring with any price movement is that...
