Institutional
AUDNZD |BULLISH IMPULSE ON THE WAY|HI! SIMPLE IDEA ABOUT AUDNZD. THE PRICE RECENTLY CREATED A NICE BULLISH IMPULSE ON THE DAILY TIMEFRAME (HIGHER HIGH & STRONG MOMENTUM). I THINK THAT THIS WAS THE START FOR A BULLISH CYCLE SO NOW IT WOULD BE THE TIME TO LOOK AT ENTRY OPPORTUNITY TO THE UPSIDE.
WE SAW A NICE RETRACEMENT LAST WEEK AND YESTERDAY AND I THINK THAT THIS RETRACEMENT IS NEAR HIS END. WHY?
1. THE PRICE MADE A COMPLETE BEARISH CORRECTIVE CYCLE (3 IMPULSIVE WAVES)
2. THE PRICE IS CURRENTLY IN A DAILY DEMAND ZONE
3. BULLISH DIVERGENCE ON THE H1
4. THE PRICE ALSO BROKE AN H1 OPPOSING SUPPLY ZONE
5. LOW OF THE WEEK ARE USUALLY CREATED ON TUESDAY --> CURRENT DAY OF THE WEEK
ENTRY CONDITION
I EXPECT A STOP HUNT ( 3 EQUAL LOWS) THAT WOULD ALSO BE OUR SPRING PATTERN IN A WYCKOFF ACCUMULATION SCHEMATIC
WE WILL SEE
CORBEAU_FX
GBPUSD NEXT SESSION IDEAS (Long)Hello Snipers, im back once again with a potential setup. Today's trading session was good as i listened to my ideas for once and did not hesitate so im happy about that. Hope you all entered the trading week on a positive momentum. But anyways, lets get into the setup. So currently as we can see, the current trend on a bigger time frame is upwards, so we are going to be favoring buys over sells.
In this instance if we are looking for a long position, we want to wait for price to hit the upper resistance that i have marked (somewhere in the 680's) and based on PRICE ACTION, we will wait for either a rejection at this level, or if the bulls have enough power, we want a break AND a retest unless the bullish braking candle is strong enough to push price high enough to where we have confidence for entry on a buy. Remember to use proper risk management and have a MENTAL stop in place. Please use patience and dont rush the chart.
If we want to short, we can wait to see if we have a rejection at the resistance and if we do we can be safe in shorting to the lower support and further waiting for price action to tell us of the next move.
Pretty simple setup today, or rather next session. Trade safe, TRADE PRECISE, STAY SCOPED SNIPERS!!
GBPNZD LONG ThesisPrice has come to an Institutional level of demand which it has reacted from. I will look to long this market when it comes back to my zone of interest to then target liquidity (equal highs)
-Good luck!
- Always wait for confirmation before entry...
This is a speculative setup, not investment advice.
$EURUSD - False Break Out ComingWhat I believe is depicted in the graph. Convince the retailers to buy during the London session while it runs into a bearish order block, there will be an abrupt turn around and price to head below the equal lows to trigger the retail sell stops. The probably a pull back and take those sell stops out at their stop losses. Then the continuation sell. The continuation sell will most likely happen around 6-8 a.m. CST. I would enter short anywhere between 1.17720 and 1.17900 and aim for 1.17250-1.17200. Hopefully Lower.
EURNZD BULLISH TREND CONTINUATIONSIMPLE IDEA ABOUT EUR/NZD TO THE UPSIDE. IF THE PRICE RETRACTS TO THE TWO DEMAND ZONE WE WOULD HAVE A COMPLETE 3 WAVES CORRECTIVE CYCLE. THE FIRST ZONE IS WEAK IF YOU ASK ME BECAUSE THE PRICE WOULD NOT MAKE A ''COMPLETE '' CYCLE IF IT STOPS THERE. ALSO, THE STRUCTURE PRESENTS IN THIS ZONE IS BASED ON M30 TIMEFRAME AND BELOW ( I DON'T USUALLY TAKE THESE ZONES AS VALID ZONES). HOWEVER, EURO HAS A LOT OF MOMENTUM THIS WEEK, SO THE PRICE MIGHT NEVER HIT THE DEMAND ZONE AT THE BASE OF THIS IMPULSIVE WAVE
GBPUSD NEXT SESSION IDEAS (Long)Whats up you guys, sorry i havent posted in a couple days, ive been dealing with personal issues. Anyways, hope everyone who follows me enjoyed that much needed weekend. Without further a due, lets take a look at this market analysis that i have drawn up this morning...
So, as we can see from Sunday's market moves, price was able to push up from the previous area of the 300's. we are currently in the 700's and i was able to scalp a long order after the break of the first level, which was acting as a resistance before it was broke. Currently i am looking for longs more than i am for shorts and this is the case because our commanding trend is upwards since we had strong bullish movement around the london session.
I have 2 possible scenarios in place, and of course im leaning towards price pushing up and continuing this momentum, but we cant ignore the fact that a reversal could take place as often as they can happen. Regardless of that, i am currently waiting on a pull back/ retest of that previous resistance at 669. after i see a retest and a push back up, i will enter another long looking to take out the target around 979, so from lets say 700 to 979, we are looking to around 270 pips depending if you hold for the entirety of the trade.
Use correct risk management and trade safe snipers
GBP/AUD institutional standpointPrice has taken internal liquidity and is best set to return and sweep 20-30 pips higher to hit resting order to fuel a down move to clear out the corresponding external liquidity - this move will be expected within Tuesday - Wednesday, with London session creating the high of the week, we should be able to follow this down to the profit target, taking partial profit at key levels of equilibrium.