Stophunt
GBPUSD ShortGood day traders.
GBPUSD Hunted the tops 3 times.
2 traps so far to go short. The last one almost hitting a high 8 days ago.
I am looking for price to hit that level before taking a short.
OR if price action shows weakness, i will take a short before it even hits that level.
Target at least 50pips
AUDNZD |BULLISH IMPULSE ON THE WAY|HI! SIMPLE IDEA ABOUT AUDNZD. THE PRICE RECENTLY CREATED A NICE BULLISH IMPULSE ON THE DAILY TIMEFRAME (HIGHER HIGH & STRONG MOMENTUM). I THINK THAT THIS WAS THE START FOR A BULLISH CYCLE SO NOW IT WOULD BE THE TIME TO LOOK AT ENTRY OPPORTUNITY TO THE UPSIDE.
WE SAW A NICE RETRACEMENT LAST WEEK AND YESTERDAY AND I THINK THAT THIS RETRACEMENT IS NEAR HIS END. WHY?
1. THE PRICE MADE A COMPLETE BEARISH CORRECTIVE CYCLE (3 IMPULSIVE WAVES)
2. THE PRICE IS CURRENTLY IN A DAILY DEMAND ZONE
3. BULLISH DIVERGENCE ON THE H1
4. THE PRICE ALSO BROKE AN H1 OPPOSING SUPPLY ZONE
5. LOW OF THE WEEK ARE USUALLY CREATED ON TUESDAY --> CURRENT DAY OF THE WEEK
ENTRY CONDITION
I EXPECT A STOP HUNT ( 3 EQUAL LOWS) THAT WOULD ALSO BE OUR SPRING PATTERN IN A WYCKOFF ACCUMULATION SCHEMATIC
WE WILL SEE
CORBEAU_FX
CADJPY |End of the retracement|HI, THIS IS MY POINT OF VIEW ON CADJPY.
BEFORE THINKING OF ANY ENTRIES OPPORTUNITY, I WILL WAIT TO SEE THE H1 DEMAND ZONE BEING TAKEN OUT. AS OF RIGHT NOW, THE ORIGIN OF THIS BULLISH MOVE IS the ONLY ZONE THAT I WOULD ENTER. WE ALSO HAVE A BEARISH DIVERGENCE, THAT'S WHY I AM THINKING OF SHORTING IT IN A NEAR FUTURE.
BE AWARE OF THE THREE EQUAL HIGHS, WE WILL PROBABLY SEE A STOP HUNT BEFORE THE MOVE TO THE DOWNSIDE
CADJPY| BEARISH |COUNTER-TREND IDEAHI EVERYONE, I'VE BEEN LOOKING AT THE CANADIAN DOLLAR / JAPANESE YEN SINCE THE BEGINNING OF THIS WEEK. I THINK THE PRICE WOULD BE HEADED TO THE DOWNSIDE. ON THE COMMITMENTS OF TRADERS REPORT, INSTITUTIONS ARE SHORT ON THE CANADIAN DOLLAR AND LONG ON THE JAPANESE YEN. I EXPECT A FURTHER PUSH TO THE UPSIDE TO GRAB THE STOP-LOSS THAT ARE ABOVE THE TWO EQUAL HIGHS. THE PRICE IS ALSO INSIDE A H4 SUPPLY ZONE.
AUDNZD SHORT: PATIENCE IS KEYHello all - On my watchlist for this week I have added AUDNZD.
(A) I am waiting for price to test this obvious supply zone one more time and patiently wait for the market makers to do their little stop hunt before making a move to the downside.
(B) I will also enter a short based on if price closes below the wedge formation on the 4HR timeframe.
If you like what you see feel free to follow my completely free public telegram channel where I go over my plans for key entries into the market :) @takenotesfx