Institutional
WTICOUSD / USOIL sell oportunityThis pair came in a premium supply zone.
There is liquidity to be taken (small trendline + double bottom)
Biden wants to lower the gas price (fundamental)
we are trading with the trend.
Institutional trading at its best.
there is also a butterfly pattern on 1h TF.
There is a possibility that the stop loss will be triggered because it's a bit too obvious. I will look to re-enter at a nice zone if that happens so be prepared.
Trade at your own risk. I'm not a financial advisor
LONDON SESSION:11-23 REVIEW +45RR POTENTIAL BUT POOR EXECUTIONToday's London session was a bit of a fumble. I am still working on psychology and being confident in my analysis. My overall analysis was correct but executing my trades and accepting losses has been a struggle. If I placed limit orders on all my ideas today the optimum outcome would have been +45RR-including the exception of the EU 1:13RR trade loss due to spread. If we do not count that trade today's recap would still be a +32RR day. For me that is 8k and 16% gain. More stats: 44% strike rate,4 wins and 5 losses, average RR =12.5RR per winning trade.
All in all I am working on execution because the potential P/L looks great to me.
CADCHF 30M - LONGPrices taps into a weekly POI, gave us a shift in structure on the H8 timeframe establishing a new trading range for us to work with.
Now, we can get involved with the H8 timeframe's trading range instead of working the entire weekly range which is too huge. Wait for confirmations onto demand areas to get involved in BUYS.
XAUUSD H4 - LONGPrices left behind a 2 demand areas for us to get involved.
No, we do NOT place a buy limit order just like this. Instead, we wait for confirmations and a new range to appear, before looking for buy opportunities.
What do I mean by creating a new range? If we start to see a HTF Break of structure, like the H1 or the H4, we can trade them using the 5m-15m confirmations.
LONDON SESSION RECAP - LOSSES Took three losses on AU today, the bullish rally to the 4H was a strong yet stubborn one. Price kept showing sign that it wanted to fall but it was just the composite man sweeping all of us in their orders. I was swept twice and the third time I was just asleep. In hindsight it makes sense why these trades did not play out. My takeaways for today were simple, get some rest when needed preferably not while actively trading and always place a SL and TP.
See y'all tomorrow.
EU and AU Weekly Outlook11-21EU AND AU ANALYSIS. Both are pretty bearish at the moment but both will go bullish down the line, AU before EU. Sorry at the end of the video, I got distracted because of PA looking like it was setting up a move. I do not trade Sundays but you can trade whenever the market presents your set up, it just may not be as high probable or take longer to reach your target. All of the pairs I am watching are pretty bearish right now. However I'm a scalper/intraday trader so I can buy and sell anywhere that respects my rules. Happy Trading.
NU Weekly Overview 11-21 Bears, bears, and more bears. Price for NU is moving downward and onward to 0.68600 in the upcoming future. This is following Top Down Analysis from the Weekly to 4htf, even some 15 timeframe overview. Sells will be more probable than buys but you can take both if the opportunities present themselves.