Are We Bullish Again...?On this pair, we have seen the market give us some strong bullish potential. On Friday, we saw the market come all the way down to our 4-hour bullish zone, and from there, it began to reverse bullish. Yesterday, we witnessed the bullishness continue, and we looked to take a trade. The market went in the direction of the 4-hour analysis. The market went all the way to our 4-hour liquidity.
We are expecting to see some bearish pullbacks today to drive prices all the way down into our bullish PB and ultimately into our refined zone. From there, we will look forward to seeing the market reverse bullish, and using one of our trade entry setups, we will look to get in on this trade.
There is a possibility that the market will pullback for a bit and reverse without getting to our zone. But not to worry; when that happens, we will be ready to take a look at it and determine how to jump on the trade.
So we are expecting a down move followed by an up move.
The most important thing is that the market will retrace bearish into the PB, and from there, look to go all the way up to our liquidity target above.
Forex-trade-analysis
14/06/22 UsdCad Analysis 4hUsdCad is creating a Peak Formation High, 3 swipes to the high on 1h creating Peak Formation structure, wait throughout the week for structure to confirm and price just surpasses 1.29000 and is still very Bullish, must also wait and see if price breaks the 1.29750.
DXY is extremely Bullish on the D, DXY is the USD strength meaning any USDXXX pairs with be Bullish and any XXXUSD pairs will be Bearish.
This pair's Bullish run is coming to an end this week, just have to wait and see what price does around the 1.29750 zone and the 1.30500 zone, only then will we be able to wait for confirmation.
14/06/22 CadChf AnalysisCadChf has made a Peak formation High back on 08/06 ending the Bullish run, it has dropped down to the 0.77000 zone creating the first level of drop and has dropped a monstrous Bearish candle on the 4h, now creating the new low for level 2, we will be waiting for a StopHunt High to the 50 ema and wait for entry conformation with maybe some consolidation. Expected drop to go down to the 0.76500 level or the 0.75500 level.
14/06/22 Gold analysisGold has made a peak formation low back in 16/05 and has been consolidating since then going up and down, Gold now has made a monstrous Bearish drop to grab sell orders of the retail traders and is now consolidating around the 1830.00 zone, price is expected to do a immanent reversal soon and will continue on it's Bullish run for the Bearish is just just a fake out, Fast Moves = False trend.
Gold will then continue climbing it's levels until it reaches Peak Formation High.
EURJPY - Sell now validEURJPY- sell position now valid.
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.