MaxSeal

MaxSeal

my bias is short continuing the short downwards i will be trail stopping this trade

MaxSeal

what do we see for audchf DAILY : price one daily is in strong downtrend 4H: price making HL and LL this and potentially a correction before the impulsive down move 1H: liquidity grab from consolidated area and moving towards the 1h OB and BOS from previous HL ACTIONS: wait to see a nice rejection in the 1h OB and wait for confirmations on lower time frame...

MaxSeal

waiting game break of strucrure / trenline ✔ HH/ HL formed ✔ Imbalance ✔ waiting for the manipulation down for a big move up cad

MaxSeal

What do I see for gu : IMBALANCED AREA NEEDING TO BE FILLED BREAK OF STRUCTURE AND TREND HH AND HL BEING FORMED PRICE MOVING TOWARDS HL TO TAKE OUR LIQUIDITY What I will do: wait for premium price to go long

MaxSeal

what do we see for gbpcad rejection of 4h order block break of structure on previous higher low trendline break liquidity pool build up (HL) and grabbed PLAN : waiting for my confirmation on 15 min time frame ( waiting for liquidity above 15 higher lows to be grabbed) then enter shorts at premium price

MaxSeal

What do we see for UJ? obviously what goes up must come down and right now i see a potential bearish correction on higher time frames followed by: bos ( break of structure ) botl ( break of trend line ) lower high and lower lows ( 1h & 4h ) bearish engulfing followed by bullish exhaustion How will i take this trade? : wait for a bullish correction on the...

MaxSeal

What were seeing on usdcad: rejection from htf (weekly demand zone) Break of structure A potential head and shoulder pattern only valid if we see a break of neck line A fill of imbalanced areas being filled as we speak what actions we take : Nothing. Simply wait to see what price do . If price breaks the neck line we'll continue bearish if it rejects that...

MaxSeal

taking part in the bullish run price needs to fill in imbalance level and reach the demand zone ( 62 and 70 % fibs ) id like to see some good candle sticks within that area before entering ( bullish engulfing / confirmation candle and pin bars )

MaxSeal

if we look closely on the weekly chart price has reached weekly support and on the daily price is rejecting that area nicely followed by a nice engulfing bullish candle 4H: big banks / institutions seems to be entering the market breaking previous lower highs driving up price 1H: break of structure bias is now bullish waiting for price to fill imbalanced...

MaxSeal

weekly 61.80 correction break of weekly trendline switch of bias to bullish 61.80 and 50 is confirmed a valid support

MaxSeal

AUDNZD UPDATE: finally after taking a losing trade last week i give this pair a second chance we now see on the weekly chart that a big bearish candle breaks the bullish trendline however it is now moving back up to retest the 1.08344 resistance area TYPICALLY I'd wait until it hits the 61.8 retracement to enter but looking on 4h i can see big rejections but that...

MaxSeal

UPDATE on AUDCAD price has now breached the minor bearish trendline and has made a HH at 0.93737 and it is now in a correctional phase if you go to the weekly we can see we are bullish and price has made a double bottom and ended last week with a engulfing morning star and the daily in a engulfing bullish candle ill be eying this pair close if to the next MAJOR...

MaxSeal

looking on the weekly we have a beautiful retest of the broken trendline and now has hit the support on weekly looks like a double bottom zoom into the daily and we see that we already see another double bottom happening followed by a almost a engulfing bull on the 4h i see price is rejecting the current down trend it is in and ready to shoot back down...

MaxSeal

UPTREND PRICE REJECTING THE 200 EMA REJECTION OF 61.8 STOCHASTIC OVER SOLD RESPECTING THAT SUPPORT ILL BE TRAIL STOPING THIS TRADE INTO THE BLUE BECAUSE OF THAT MID KEY SUPPORT IF PRICE REJECTS AND SELLS OFF AT THE KEY SUPPORT WE MAY BE ABLE TO SEE A CORRECTION BACK TO THE 61.8 AND SEE A BULL RUN AGAIN NEAR THE SUPPORT AND DAILY TREND LINE

MaxSeal

short and simple

MaxSeal

SHORT AND SIMPLE 1) BIG DOWN TREND 2) STRONG 50% (COULD RESULT IN A DOUBLE TOP FORMATION) 3) ALSO THE MINOR 4H TREND LINE IS A LEVEL CONFLUENCE

MaxSeal

We can see bulls pushing pass and breaking the structure and the 4h trend line momentum is up

MaxSeal

i never really took the time into the elliot wave theory until now after all my years trading but now looking into it i see why it plays a key factor in our trading (correct me if im wrong) whats the forcast on usdcad? as we can see we're in a bearish channel on the 4h chart and price had reached a 4hour level of broken support turned resistance also on the hourly...