Get started

Orderflow

USDCAD - Smart Money Concepts Institutional Order Block StrategyGood Day! High-level summary of trade: i) 'Support' sitting at structure with 78.6% fib, induced Retail Traders to buy too early ii) Break and re-test of support encouraged a Retail selling frenzy iii) Both types of Retail traders above, would have likely been stopped out iv) Our first trades were stopped at BE v) Re-entry based on Wyckoff schematic, with 'Spring' confirmation, before swing trade with TP3 R/R in excess of 9.0 Let me know in the comments below: what you thought of this trade? Check my profile for more info on us, and how we trade. Cheers!
by FiguringOutFinance
EURUSD Swing Short PlanEURUSD has made some BIG changes to structure over the past week! We are no longer feeling the support of a weekly demand zone, price has broken below and will most likely continue through into the 1.1000 level and beyond. Fundamentals point to a bullish US Dollar - the Federal reserve plan to raise interest rates 3x throughout the course of the year (bullish for the Dollar) and for the past 2 years we have seen neutral (no change) US rate decisions cause bullish action too, so I suspect we will see a continued theme this year as we did in January. Pair this with the current technical collapse we are seeing and I anticipate some lovely swing shorts towards the imbalanced weekly 1.1000 demand zone & key level area. THREE short zones are in mind, all approached with confirmation entries to make sure you don't lose multiple times before a win. Let the market flow into the zones and when clear reversal forms enter WITH the new bearish trend. Until that happens stay patient! My favoured zone for reversals is one nearest to price (being the zone that brought the most weakness & selling pressure) but the others should be kept in mind too! Check out my full in-depth breakdown of the technicals and fundamentals here on YouTube! www.youtube.com
Short
by jeafxtrading
1