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Orderflow

USDCAD Bearish Reversal CycleGood afternoon ladies & gents, USDCAD will most likely start it's Bearish Cycle today and NFP is likely to be the catalyst. After trading up into the Weekly Inflection point, we saw a sharp rejection to the downside. Price has presented us with D1 SMT Divergence allowing DXY to fill the imbalance above and USDCAD has filled the imbalance above whilst not making a new high. In light of this, I do anticipate a short to occur today (Bearish Sentiment on DXY) and today, it's possible to enter with a stop above the highs. Many opportunities to enter next week if not today. Disclaimer: This is my idea, take and execute this idea at your own risk and discretion. Remember to manage your risk appropriate on the off chance that I'm wrong. -AmplaFX
Short
by Jiraiya_eth
EURUSD TRADE on Order Flow - Follow the smart money! Technical overview: The price demonstrated a significant growth after the formation of the new support level. The move was sharp and supported by the large volume, however, the price is trading inside the local range right now. Volume Zones: It is important to point out the boundaries of the local consolidation. They are the support 1.1824 and the resistance 1.1952. Consider New Positions: Given all these factors, we may regard new positions only after the keen and confident exit of the price from the range. The breakout move must be supported by the large volume, which will be a more prcise signal for entering the market. To learn more about order flow based volume trading, sentiment analysis and trading against the retail crowd see the educational article below -
by VARIANSE
CADJPY, Continuation to Monthly Highs & BeyondGood morning ladies & gents, This is an area of inflection I've been eye'ing up since Saturday morning. An entry off the H4 Chart is available, although I'll personally be looking for a lower time frame entry as a way to mitigate risk & increase risk to reward ratio. After a significant retracement and multiple respect of the retail trendline, I'd imagine that these areas above act as a great take profit areas for this long position. I'll be looking to scale out some profit at each objective. Should this level not hold and breaks to the downside, I'll be looking in my secondary & tertiary buy zones for the reversal that will take place. Disclaimer: This is my idea, the entry specified on the chart may or may not reflect my personal entry. Take this trade at your own risk & discretion. Always remember to manage your risk well.
Long
by Jiraiya_eth
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