elliotthforex

elliotthforex

I see a nice potential short position at the NYC opening tomorrow theres low volatility as its Christmas but a nice supply area will be our entry and it'll also be a 78.6% retracement on the previous drop into demmand. The short term POC is also below price around our TP. 1800 will be a tough level to break.

elliotthforex

My chart analysis for GJ on Friday probably not a trade for this week however if it does setup nice and my alerts trigger and I like the structure I will enter and hold over the weekend. A 78.60% retracement will be a nice entry point and this area is also housing a nice liquidity pool and will be the 100% fill of the IPA. The Pound is also weakening at the...

elliotthforex

Potential Secondary Retracement into the 78.60% Level and a continuation.

elliotthforex

Looking for a secondary retracement to the 70.5% Fib Level to secure the sell side liquidity for a push up to fill the IPA at the 153.800 Level on the Daily TF. Alerts set now we wait slightly wider SL of 50 pips on this one to get a better structure point.

elliotthforex

Looking for a push to the buy side to fill the IPA at around the 16,630.

elliotthforex

Looking for a secondary retracement on GJ into the 61.8 to the 70.50% zones to secure the liquidity for a rally upwards to fill the IPA and also collect the sell side liquidity from the POC above.

elliotthforex Updated 

IPA being filled and a retracement into the 70.5% zone want to get a rejection from this level. Then clear out the buyers liquidity below and continue on with the trend.

elliotthforex

Distribution schematic seen on the lower timeframes POC is at 1795 and The initial 50% of the first IPA is at 1836. I will look for a jump up to the smaller fib and a secondary test of the level to try get an entry if I don't see this i'll let the trade go and see how the idea would have played out.

elliotthforex

IPA at a lower area of price as well as a distribution schematic coming up for the LPS before a downside move.

elliotthforex

I see a 4HR IPA which requires filling at the 1798 level We have just tapped into the previous OB at 1831 to 1834 so I expect rejection from this level and a retracement to fill this IPA and collect LQ for the next wave upwards after the Institutional levels are tapped into on the Fib.

elliotthforex

High Risk Reward daily accumulation. Fib retest coming out of wychoff accumulation secondary LPS after sign of strength.

elliotthforex

I see a 4HR Order Block above price at the 1.18204 level and I believe the recent bullish momentum and bounce from 1.16841 has created a switch in the trend and price will begin moving back up towards the Order block to reclaim the sellers liquidity and mitigate the OB and previous highs. We have formed a new higher low on the 4Hr timeframe at 1.17007. I will be...

elliotthforex

4HR Order Block spotted above the current structure looking for price to retrace back to this order block and pickup the liquidity and then push back to the downside for a nice 1 : 3.68 RR Trade.

elliotthforex Updated 

My Bias is currently short due to the overbought condition of the market and the fact we have just hit the top of a well respected 4HR descending channel.

elliotthforex

Just chart analysis to forward test and gain some more understanding and develop my live market phycology.

elliotthforex

Basic Analysis for GJ

elliotthforex

Brief chart analysis continued from the 6th

elliotthforex

Updated Analysis from 06/05/21