Possible long entry on EURNZD. Broke beneath equal lows, currently eating its way through liquidity down to the gap / institutional candle marked by my rays. I could see price possibly bouncing off this area for a move up. My trade breakdown: (I'm not a renowned professional so trade at your own risk!) Entry: 1.685 SL: 1.681 TP1: 1.695 TP2: 1.705
Breakdown of what I see for GBPAUD Liquidity is being formed underneath these equal lows, but smart money has a target just below this area. Smart money moves this market, so we have to think like them. The liquidity beneath the equal lows will give them the oomf they need to push up. I see a long position at this institutional sell-to-buy candle, with a...
Looks like some money pockets are being made by the market makers... I see a liquidity sweep in the near future, possibily even with the EUR news tomorrow. Green lines represent institutional targets - where money needs to end up at some point. In the meantime, equal highs and equal lows are being formed to fill up those money pockets before wiping out the liquidity.
Just a little analysis as the week comes to a close. NZD news on Tuesday created a significant mitigation move down to a key price level and now we seem to be in an uptrend. Come next week I can see NU heading up to some key zones. No intended positions, just a little visual of what I'm seeing/looking at!
Potential Gartley harmonic pattern on EURGBP (H4 chart) My confirmations: 1. 78.6 fibonacci D-point 2. Confluence with past resistance zone (highlighted wicks) 3. Quarter point 0.86750 lies within this zone Potential trade details: ENTRY @ 0.86700 SL @ 0.87000 TP 1 @ 0.86000 TP 2 @ 0.85500 TP 3 @ 0.85000 Going to wait to see the reaction in this zone....
Potential Cypher harmonic shaping up for short position on CADJPY. My confirmations: 1. 78.6 fibonacci D-point 2. Quarter Point (84.500) 3. Past resistance at this zone Hoping to see rejection of the 78.6 / 84.500 Quarter Point to suggest downward movement before entry. My trade details: ENTRY @ 84.500 SL @ 85.000 TP 1 @ 83.750 TP 2 @ 83.250 TP 3 @ 82.500