IOF
NAS100 Sell IdeaConsidering that the chart is in an overall HTF bearish state and has also not yet presented us with long setups, I'm still looking for short objectives, obviously not forgetting that on a HTF, price is consolidating inside demand. One of two things can happen and I'm going to be watching price action and will update moving forward.
EURJPY ShortConsidering that the chart is in an overall HTF bearish state and has also not yet presented us with long setups, I'm still looking for short objectives, obviously not forgetting that on a HTF, price is consolidating inside demand. One of two things can happen and I'm going to be watching price action and will update moving forward. Please use good risk management
NAS100 Sell IdeaConsidering that the chart is in an overall HTF bearish state and has also not yet presented us with long setups, I'm still looking for short objectives, obviously not forgetting that on a HTF, price is consolidating inside demand. One of two things can happen and I'm going to be watching price action and will update moving forward.
EURGBP, Short, 1:4+ availableGood morning ladies & gents,
Hope you're all having a good Friday morning.
A sell structure has presented itself on EURGBP. After a relentless move to the upside all week from the rejection of the Weekly Bullish Orderblock, we can anticipate a move down to the area indicated below prior to a continuation to the upside.
In light of this, the M15 chart shows a break in the bullish market structure.
There's an entry available where price is currently at, and also a secondary entry available in the zone indicated in white.
Stop loss should be placed above the structure for safety. It's unlikely they'll reach into that area as all the higher level buyers are trapped in their positions up there.
Looking to short down to 0.85660
Good luck!
USDCHF, Reversal Imminent! LONG 1:10 +Good morning ladies & gents,
Following on from our USDCHF short idea, price has now traded back into our D1 Bullish Orderblock.
From this area, I'm looking to look for a reversal to the upside.
The market has NOT shown signs of breaking down yet on the lowertimeframes, so these boxes don't highlight my entry point. What they highlight is areas where you can take profit when the long setup presents itself.
When I enter, I'll be adding it in the comment section below so remember to follow this idea so you get notified upon our entry.
It's possible for price to trade lower from here and hit our D1 Propulsion Block. IF price trades down to this level, the setup for a long will be super high probability and the risk to reward can be astronomical depending on the size of the stop loss as per the market structure.
I will give my updates and thought as USDCHF matures and progresses.
Good luck guys!
USDCAD, Short, 1:6 + available.Good morning ladies & gents,
I'm looking to short USDCAD today.
After price traded up to a D1 Bearish Orderblock, we saw a rejection and a market structure breakdown.
Today price has come back to retest the H1 Bearish Orderblock after that big drop yesterday to induce sell stops, price has come up to raid the stop losses of any retail sellers.
Looking for a continuation short from this point
Initial target is seen below for a RR of 1:6.
Good luck
- AmplaFX
USDJPY, Huge RR Short Available.Gooooood morning traders! Hope you're all having a beautiful start to the week because our dear friend USDJPY definitely is.
After making an extended cycle upwards, price has hit our D1 Bearish Orderblock and created an M30 BMS structure allowing us to look for a high probability short position.
I've set two pending orders at these price levels with a stop just slightly above the shift candle. I'm looking to trade price back down to the D1 Propulsion Block; however, along the way I'll be taking some partial profits.
As the trade matures and progresses I'll inform you all of the places where I'm looking to slowly scale out of my position.
Although the D1 Propulsion Block is my final TP for this trade, I can see price potentially trading even lower down to 105.640
Happy Trading everyone. Remember that this is my personal trade idea, take the trade if you wish at your own risk. Please manage it well, I would personally advise no more than 1-3% of your total account equity. Hitting a trade of this caliber with 1% risk will yield 15-20% in profit, so you can trade small and still grow your account extremely well over time.
Best Wishes,
-AmplaFX