- Price in consolidation zone, currently approaching clear support level
- Anticipating a stop hunt institutional move, fake to downside to take out retail buyers
- Then pierce back into support level and retest before measured push towards supply zone
Price creates liquidity from clearing equal highs at around $1750, following the double bottom formation formed at $1680, which created liquidity from a 450 pip stop run after clearing equal lows from 8th March. Price balanced out the previous imbalanced bearish move to $1680, and a bullish move to the liquidity sitting at around $1750 followed shortly after, as...
Good morning ladies & gents,
I'm looking to short USDCAD today.
After price traded up to a D1 Bearish Orderblock, we saw a rejection and a market structure breakdown.
Today price has come back to retest the H1 Bearish Orderblock after that big drop yesterday to induce sell stops, price has come up to raid the stop losses of any retail sellers.
Looking for a...
Good morning ladies & gents,
This is a re-entry of the previous trade idea that was outlined yesterday. Let's see if it's ready to move down today. Looking for an entry on the retest of the M15 Breaker Orderblock.
Summary of technical analysis on the USD/JPY:
- Fib(0) changed to 106.957 high of 10:00 candle
- Stophunting session to grab the selling liquidity
- Temporary long ('short squeeze') & then short
- Swing is overextended to the upside
- RSI pullback to probe above the 70
- Extremely low volume for a new high
Gooood afternoon ladies & gents. After stop hunting past the previous D1 lows. Price has presented us with a bullish structure allowing us to take an optimal trade entry where price is currently sat.
Looking to scale out profits at these two key points as well as a few others on the way up.
Very high RR based trade.
Good morning ladies & gents .
We are officially in another bullish cycle for Gold, so the favourable direction to trade it in is LONG.
Price created an extremely bullish structure offering us a risk to reward long opportunity.
This bullish structure is created through a break of bearish market structure on the D1, H4, H1 timeframes.
I'll be scaling out of the...
Stop fighting the trend, price will come and wipe out the supportive buyers before continuing its rampage to the upside.
I expect the price to bounce from the levels marked before creating new highs.
Sentiment Data - 69% Selling
We are caught in an ugly range on this pair, we are currently trading at a key supportive region which is most likely going to be stop hunted.
I would like to see a push below support into the liquidity pool marked before rejections to the upside.
We need to monitor the DXY constantly to see whether or not this move will be valid next week.
As shown in the related idea below, the liquidity purge that we expected has now completed, this opens up the possibilities of a potential sell position. I will be looking for a substantial crossover of the structure before I consider my sell, my SL will be placed at the SFL level marked.
Sentiment - 52% Long
GBP is due a shift in momentum but I think it will come at a price. I doubt we will see a steady drop off from here, I would expect a wick up to stop hunt before downside continuation.
Sentiment - 55% Buying
This is a textbook pre-London setup.
During the Asian session we often see (especially in Yen pairs) moves that set up for the London session. What this does is provides us with liquidity of retail trader stops that we can take advantage of.
This was a simple 0.7 R trade that I was in and out of within 45 minutes.
It amazes me that traders still put their stops...