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Institutional_trading

Trade setup #GBPUSD M15Sterling has been bearish for 2 consecutive weeks now. Price has been to the lowest ever, taking out liquidity at all time lows. coming down to the M15 timeframe, it seen that price has broken through structure and a harmonic (shark) pattern is being formed. Looking at a price bounce at 88.6 fib level which congruent with the Cartel Candle and first D leg of the shark pattern. i dont expect this to takeoff right now as we approaching the close of the week. this is just my bias on #GBPUSD. drop comments below follow me on IG/Twitter @the_pipcartel telwgram; t.me/the_pipcartel
Long
by the_pipcartel
1
#GBPUSD Institutional trading plus harmonic patternGBPUSD has had a bullish week, after doing a false breakout of frequently tested support level at 1.287 zone. Price went bullish afterwards towards 1.306 zone which is also a level tested multiple times, serving as resistance. Expecting price to do a fake-out, triggering the D leg of a bearish Cypher pattern also aligning with imbalance fill. taking my entry at 1.3105 with a risk/reward ratio of about 2.5. taking profits at institutional fake-out candle (cartel candle) and entering for a long position to clear out liquidity at Equal highs.
Short
by the_pipcartel
Market Overview #eurusd EurUsd has had a 2 consecutive weeks of bullishness, price breaking through some major levels of structures without a proper retest. The current level which was currently broken 1.123 zone which is the highest it has been since late 2019. Price triggered an order block at 1.125 which gave a fake-out of the 1.123 mark, taking out stop orders or retailers. I'm expecting price to cool off, break back into structure with a retest of 1.123 mark, would take a short entry to 1.091 zone where price failed to do a retest of cartel candle which would as well give an inverse heads and shoulder pattern, then i'll be looking to take a long position at that entry back to equal highs.
Long
by the_pipcartel
🔔 GBPCAD LONG-TERM SHORTOn the weekly timeframe, we can see the weekly IC level had attacked the previous high made in April. This gives me a reason to believe there was some sort of manipulation play and therefore the price may magnetize towards this region to satisfy that IC level. However, price may ignore that level for now as there is another set-up playing out in the 4HR timeframe whereby price is creating a bullish corrective wave that is estimated to lead to the 50% of our IC level which is our Optimal Point of Entry (O.P.E). This is a long-term swing trade so the reward is between 1000-2000 pips.
Short
by OnyxTradeHouse
🔔 USDJPY LONG-TERM SHORT We have an IC point at the top of the swing right above an Imbalance in the market where I would like to see price close the gap in the market which is highly anticipated. A move upwards to 111.960 (our O.P.E) will mean a move into the 978-886 fib region which is a region of high reversal. This set-up may work or we could potentially see price drive higher to our 11.850 IC level to satisfy that candle. If this set-up is successful, we would have a 30 pip risk for a potential 860 pip swing to our -0.27 golden profit level; 1:28 risk/reward ratio.
Short
by OnyxTradeHouse
1
🔔 EURNZD 🔔 EURNZD Speaking from a weekly perspective I am overall bullish for EURNZD as we have a 900 pip retracement to fulfill for the previous bearish impulse. Price has created three distinctive higher lows and I would like to see this move Euro strength push this pair to the upside. In the meantime, there is a smaller set-up playing out in the lower timeframe, and that is these three drive up towards a potential Institutional region where I would look to short price to 1.6700. I have reason to believe that price will be magnetized to the downside in the short term to fill the gap in the imbalance and to satisfy the IC region before making its bullish wave. The short consists of a 30 pip risk and a potential 250 pip reward with a 1:8 r/r; the long consists of a 40 pip risk and a potential 850+ pip reward (long-term swing), with a 1:21 r/r.
by OnyxTradeHouse