Looking at going short on EUWe are within our H1 Order Block and price has been printing LHs and LLs on the hourly timeframe. However let us keep in mind that we are bullish on the 4H timeframe therefore we need to thread carefully on this one as a break to the upside can change our view.
Proper Risk Management To Be Applied.
Best of Luck!!!!
Smctrading
We need to wait confirmation of GBPUSD
Confirm bullish wave on h1 . frame
The golden zone of fibo is the area we need to wait.
So what are we waiting for?
Waiting for supply exhaustion - selling exhausted
And when supply runs out. We continue to wait
Waiting for buying - buyers join in
Buy structure is formed, will find the ENTRY AREA and optimize the entry point on the m15 m5 frame. Details will be updated in real time
USD/JPY Potential Forecast|HTF Analysis|Wednesday 4 May 2023Hi everyone!
-On USD/JPY we have a high probability demand below price with a lot of imbalances and liquidity resting below.
-Also we are in a bullish trend so its high probability for structure correctement.
-If the demand will hold I will look for LTF confirmations and enter the position.
I wish you a successful week
CTSI Buy/Long Setup on 1H TF (Swing)Elliott Wave 1-5 has been plotted and we are waiting for an ABC correction pattern. However, a BoS and CHoCH have been plotted as well. We can take a risky LONG here with the retracements for our planned take profits as follows:
🚪Entry: Current price
💰Trade: Cross 10-15x (2% of capital)
⛔SL: 0.2255
🎯1: 0.2592
🎯2: 0.2660
🎯3: 0.2757
🎯4: 0.2881
USD/JPY Potential Forecast|HTF Analysis| Wednesday 26 April 2023Hi everyone!
-So the price on USD/JPY is telling us that we are currently in a bullish trend.
-USD/JPY have liquidity and imbalances below him so its the most probability that the price is going to grab them before moving up.
-Keep that in mind that not every huge poi will hold some of them will hold some of them will not but always ask yourself why did that poi hold and another don't.
-If the POI get respected and bounce from it look for confirmations and then enter.