Things to be kept in mind :
>> Take this trade only if Nifty is red in its pre-opening session.
>> Take this trade only if Powergrid opening price is equal to or lesser than previous day close.
>> Maintain strict stoploss as per risk appetite
>> Trade under professional supervision.
Points to be Kept in mind :
>> Take this trade only when Nifty is red in its pre-market session.
>> Take this trade only if open price of SBIN is equal to or below than previous day close price in pre-market session.
>> Maintain strict stoploss as per risk appetite.
>> Dont overtrade or have blind faith, ask yourself and trade.
Price has hit our long term targets at the bottom of previous structure and since has found support at the level. Will we see NZD strength prevail and price break further to the downside for the rest of the week?
Have a great trading day.
Check out our previous ideas on this pair!
After breaking our descending structure, price formed a double bottom before bulls took over the market.
Strong bullish momentum in the markets has continued today with long term targets at the top of previous structure now in range.
Looking for a potential liquidity trap on Pound Yen today on this standout low.
This looks nice for a quick shakeout as it's the only low formed since breaking 138.2's so trying to hunt the stops here.
Will need confirmation to enter i.e. a break below and close above, showing that traders are trapped in positions.
Will target the FTA.
Looking for a potential continuaion to the upside.
We have clear indication that institutional orders are in the market due to these lows and stop runs.
How can we use this to find high probability setups?
Institutional traders act differently to retail traders, retails don't have anywhere near the same size capital so they accept a % loss whenever they place a...
Still looking at a trap for Liquidity on Cable going into this week.
There are some nice lows that I'm looking for failure around providing a high probability move to the upside (targeting the FTA - First Trouble Area).
Why do I trade these liquidity traps?
Reason 1 - Because when price breaks structure, the breakout traders have their pending orders (Sell/Buy...
I see a potential Liquidity Trap above this high on EU.
There's going to be a lot of stops above this high as It's a fair swing point and as we know retail traders love having their stops above/below swing points.
If we can fail to close above this level I will short to the FTA highlighted by the horizontal line.
"Why are you certain there will be a reaction...
Second liquidity trap of the day.
Such a simple setup, and such a simple ethos behind the strategy. Find where others are going to get stopped and stop them out.
Usually US Bank Holidays are quiet and I'm not so active, but today we've smashed the liquidity traps.
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...
First, chech My last audusd analysis and see it tuched the target, then booooof..
Does my target really work?
The answer is YES.
Fibo analysis, don't forget to like me.
25$ for 1 month support,
40$ for 2 months support,
65$ for 3 months support
250$ life time..
Everyday signal and secret lessons...
This setup is looking very nice moving into next week. The week view rejected our upper T/L, we also have a potential triangle forming (upper level is marked, lower level sits nicely on our first target) If this triangle does form and come into play then its relatively unlikely we will see the second target on the first push to the downside.
We have clean...
Although my overall bias on this pair is long (higher time frame - monthly level break), a Bearish engulfing candle at a level this strong feels too good to ignore. I have a very effective method of trading engulfing candles, this means i'm already in and already risk free. We also have divergence across the last two peaks.