S&P500 Futures 1h Supply - Daily Engulfing Reversal!All Trade Parameters shown on the chart. Short setup on 1h Supply. Level on top of Level scenario. We will only short upper level due to risk and safety. Daily Reversal Pattern forming with a powerful engulfing candle! Looks like we reached the High of the Year.
Supplylevel
NIKKEI 1h Supply - Weekly Reversal Pattern: SHOOTING STAR!All Trade Parameters shown on the chart. Short setup on 1h Supply. Level on top of level scenario. I personally would combine both since we have a high Risk:Reward ratio on that trade anyways. Weekly Reversal Pattern with a shooting star! Looks like we reached the High of the Year. If we don't come back up to the 1h supply zones highlighted we MUST BE SHORT below the shooting star low and manage our risk accordingly!
USDJPY Daily Supply - Short below 113.5 - Trade from Webinar!All Trade Parameters shown on the chart. Short setup in Daily Supply. Since this post comes a little late (only created my Tradingview account on Monday) you can still do confirmation entry as described on the chart. This was an amazing "Bull Trap". Live Webinar link in my profil.
USOIL Daily Supply - Short below 56.79 - Trade from Webinar!All Trade Parameters shown on the chart. Short setup in Daily Supply. Since this post comes a little late (only created my Tradingview account on Monday) you can still do confirmation entry as described on the chart. Live Webinar link in my profil.
EURGBP 16h Supply - Counter Trend - Covered by HTF weekly SupplyAll Trade Parameters shown on the chart. Short setup on 16h Supply. Level on top of level scenario. Since the major imbalance is located in the first supply level I personally would prefer a deeper entry of the first level and be covered by the second supply level. Attention: Counter Trend Trade however covered by HTF weekly Supply
DAX daily Supply - Daily Reversal pattern: Engulfing candle!All Trade Parameters shown on the chart. Short setup in daily Supply. Level on top of level scenario. I personally would combine both since we have a high Risk:Reward ratio on that trade anyways. But you can also play only the higher one to have an even bigger Profit Margin. Daily Reversal Pattern with an Engulfing candle. Looks like we reached the High of the Year.
AUDUSD 8h Supply - Short in the context of a daily downtrendWe will only engage in a short position if price comes first into 8h Supply before it hit daily Demand below.
Daily Demand Trade idea I posted as well on the 6th of November. Daily Demand is stronger since in the context of a weekly uptrend!
Level on top of Level scenario. We will only short upper level due to risk and safety.
CHFJPY short project - 2 in 1 (Weekly/H1)After falling from consequent 2015 highs of 138.95 and 134.65 down to 101.88 in mid 2016, CHFJPY bounced back to 0.5 of its previous move where it faced strong supply zone and and thus formed point 5 of the major bearish yellow formation. Following that, the price resumed its downtrend.
Even though, this global outlook is useful to understand the long-term possible movement of the pair, it can also be used to adjust the possible targets for the short/mid term as there is a strong demand zone ahead quite lower than TP1 (point 6):
8 short positions were opened.
EURCADPrice broke through support with a huge bearish engulfing candle now sitting above wedge trend line, I am expecting a slight pullback to broken support turning resistance then a break though wedge & retest to get some more downside to this pair. Will watch throughout the week how it plays out..
GBPAUD DAILYWatch for breakout & close below 1.6800 zone (H&S neckline). This pair rejected its weekly downtrend line that has held since 2015, I believe this pair has a lot of room to the downside. GBP news this week, I will look to go short during that time. Nice opportunity here for a long term short potential will be watching closely!
USDCHF 4HPrice back up at strong resistance level that failed to break 4 previous times. I Believe we are still range bound for now, but a break & close above this level can give us some upside. Personally don't like to trade this pair often because it is too choppy but if there would be a chance to trade it, it would be now. Might see a slight pullback & retrace back up to potentially break this level. Also rejected daily 50 fib level again and pushed price down. If usd gains a lot more strength.. NFP Friday could potentially push price through this zone easily!