Tradingstrategies
CADCHF _____ INCOMING BULLISH EXPANSIONHello Traders,
As we all know, this pair dumped into a level it has never gotten to before and rallied. Now, this doesn't mean that it can't continue lower, but if you look at last week's candle, you will see the strong buying pressure which is depicted by the wick of the candle and I expected that at the start of this week, price is likely to trade into the wick before the rally to the upside.
Another reason why I expect the price to rally from my POI as marked on my chart is due to the equal highs (liquidity pool) that I have marked, which is usually attractive to price. Also if you look left, you'd notice that there is a trendline liquidity pool just below a daily FVG (see daily timeframe for clarity) which gives price more reasons to rally.
Let me know what you think of this idea if you also have CADCHF on your radar.
I would be posting more trade ideas. STAY TUNNED!!!
Cheers,
David
GBPCAD ____ INCOMING BULLISH RALLYHello Guys,
This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Today, the market went after the sell-side liquidity pool.
I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait for a structural shift in price from bearish to bullish and take a long.
The reason why I would be confident in taking the long is that we still have buy-side liquidity to take.
If you like this analysis, give me a like or follow.
Cheers,
David
AUDCHF ____ BULLISH EXPANSION IMMINENTHi Traders,
I just placed a buy-limit order on AUDCHF. It formed a buy-side liquidity pool that needs to be swept. This is one pattern I have noticed in the market for a long time. In this case, I expect it to play out for a few reasons I will list out.
1. On the monthly timeframe, we dumped into a key level now a retracement in at play
2. On the weekly timeframe, we have a weekly Fair Value Gap (FVG) to fill as marked on my chart
3. On the daily timeframe, the price created equal highs as I have marked on my chart which is just below the weekly FVG
The above reasons drive me to speculate about this rally.
This is not financial advice... It is just the trade I placed.
If you have any comments about my analysis or forex in general, let me know.
Enjoy
David
GBPCAD ____ INCOMING BULLISH RALLYHello Guys,
This week has been giving promising trade opportunities and GBPCAD could likely be one of them. In my previous analysis of the pair, I marked both the buy-side and sell-side liquidity pools. Yesterday, the market went after the sell-side liquidity pool.
I'm hoping that the displacement in price allows the price to get to my demand POI and I will wait for a structural shift in price from bearish to bullish and take a long.
The reason why I would be confident in taking the long is that we still have buy-side liquidity to take.
If you like this analysis, give me a like or follow.
Cheers,
David
EURSGD ____ INCOMING BULLISH RALLYHi Guys,
I'm sure most of you are unfamiliar with this pair, however, this pair has some good price movement at play that could provide nice trading opportunities. We just had a bit of a sell-off for the past weeks as prices entered a strong weekly/monthly supply zone.
This sell-off brings the price to a key daily demand zone of which the price is meant to cool off bearish steam.
Looking at my chart, you will notice that price is currently sweeping sell-side liquidity and by the time this sweep has been satisfied, the bullish rally will begin.
I expect the price to get into my POI (blue box) before I start looking for CHOCH from bearish to bullish.
If you like this analysis, be sure to give me a like.
Follow for more updates.
Cheers,
David
EURCAD ____ INCOMING BULLISH RALLYHello Traders,
I am here again to update you on my view of EURCAD.
This pair is currently trading inside a weekly demand zone (yellow box). Not only that it created relatively equal lows (sell-side liquidity as marked on my chart) on both the daily timeframe and 1-hour timeframe which it has swept. It has also cleared the low of last month's candle close.
Now we have to watch and wait for the exhaustion of the price before we start looking to buy.
I can't say how deep the price will go into the weekly demand zone but I sure expect the BULLS to step in soon.
Kindly give me a like and follow for more content like this.
Cheers,
David
GBPSGD ____ INCOMING BEARISH DUMPHello Traders,
This pair which is a new addition to my watchlist is looking interesting. Let me tell you why...
Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart.
Now that price had taken buy-side liquidity, it is going to look for sell-side liquidity to take out.
I have marked out sell-side liquidity for the price to go hunt.
However, I advise you guys to watch out for the structural shift from bullish to bearish and lookout for manipulations before taking a trade.
Let me know what you think about this in the comment.
Don't forget to give me a like and follow.
Cheers,
David
EURCAD ____ INCOMING BULLISH RALLYHello Traders,
I am here again to update you on my view of EURCAD. I have also done my best to mark the chart so you can train your eyes to see certain things in the market.
This pair is currently trading inside a weekly demand zone. Not only that it created relatively equal lows (sell-side liquidity as marked on my chart) on both the daily timeframe and 1-hour timeframe.
My expectation was for it to sweep the sell-side liquidity as speculated in my previous analysis of this pair (I will insert it for reference). It has occurred as speculated.
Now we have to watch and wait for the exhaustion of the price before we start looking to buy.
I can't say how deep the price will go into the weekly demand zone but I sure expect the BULLS to step in soon.
Kindly give me a like and follow for more content like this.
See previous analysis on EURCAD
Cheers,
David
EURCHF ____ BULLISH EXPANSION IS COMINGHello Traders,
I've got a quick update for you. This is the daily timeframe and what we can see is that price is approaching the sell-side liquidity pool (equal lows) as marked on my chart.
You will notice that in approaching this sell-side liquidity the bearish candles are beginning to lose momentum. This does not mean we can't see a strong bearish candle expand to takeout the sell-side liquidity.
Just keep monitoring this pair.
I will keep you guys updated.
Cheers,
David
EURCAD ____ INCOMING BULLISH EXPANSIONHello Traders,
I am here again to give you my take on EURCAD. I have also done my best to mark the chart so you can train you eyes to sell certain things in the market.
This pair is currently trading inside a weekly demand zone. Not only that it created relative equal lows (sell-side liquidity as marked on my chart) on both the daily timeframe and 1hour timeframe.
As you can see on my chart, I am expecting it to take the sell-side liquidity first which will give it the momentum it needs to make the bullish expansion.
I'm also expecting a bullish expansion on EURGBP, I will insert my analysis on the pair below.
Take a look at my profile and see other reviews that I''m sure will be of interest to you. And if you like what you see, kindly give me a like or follow.
See the EURGBP analysis below.
Cheers,
David
GBPSGD ____ INCOMING BEARISH EXPANSIONHello Traders,
This pair which is a new addition to my watchlist is looking interesting. Let me tell you why...
Firstly, the price just took out Dec 2022 high and reacted. You would see my label on my chart. Now price made a bearish expansion but not before taking out the relative equal highs as marked on my chart.
Now that price had taken buy-side liquidity, it is going to look for sell-side liquidity to take out.
I have marked out sell-side liquidity for the price to go hunt.
Also, more reasons for this move, price retraced today just as it did in EURGBP to take out last week's Friday entries (I will include my EURGBP analysis).
However, I advise you guys to watch out for the structural shift from bullish to bearish and lookout for manipulations before taking a trade.
Let me know what you think about this in the comment.
Don't forget to give me a like and follow.
The EURGBP analysis
Cheers,
David
EURGBP ____ INCOMING BULLISH RALLYHello Traders,
EURGBP has entered into an exciting zone, which is a weekly FVG (yellow box) and has reacted. I expected the price to retrace into the blue box which is my area of interest to look for a long setup.
This happened on Friday and my long setup didn't come. However, I was expecting price to go deeper today to take out induced early buyers. Hopefully, my preferred long setup appears tomorrow.
Another thing I would like you guys to look at is the weekly equal lows (you can use the daily timeframe to see it clearly) that have been swept with this week's price movement and to price into the weekly FVG.
Let me know what you think in the comments.
Cheers,
David
CADCHF ____ INCOMING BULLISH TRADE IDEAHello Traders,
CADCHF is passing the vibe check for next week. As we all know, this pair dumped into a level it has never gotten to before and rallied. Now, this doesn't mean that it can't continue lower, but if you look at last week's candle, you will see the strong buying pressure which is depicted by the wick of the candle and I expect that at the start of next week, price is likely to trade into the wick before the rally to the upside.
Another reason why I expect the price to rally from my POI as marked on my chart is due to the equal highs (liquidity pool) that I have marked, which is usually attractive to price. Also if you look left, you'd notice that there is a trendline liquidity pool just below a daily FVG (see daily timeframe for clarity) which gives price more reasons to rally.
I would update you guys by next week if this move is still valid based on how the price moves.
Also, I would really appreciate it if you follow me on Twitter: twitter.com
Let me know what you think of this idea if you also have CADCHF on your radar.
I would be posting more trade ideas for next week. STAY TUNNED!!!
Cheers,
David
EURGBP ____ INCOMING LONG TRADE Hello Traders,
I hope your week has been good. mine has been FANTASTIC and I'm not exaggerating.
EURGBP right now has entered into an interesting zone, which is a weekly FVG (yellow box), and has reacted. I expect the price to retrace into the blue box which is my area of interest to look for a long setup. To be frank, I am not sure I will get my setup before the price takes off but I'd be on the lookout.
Another thing I would like you guys to look at is the weekly equal lows (you can use the daily timeframe to see it clearly) that has been swept with this week's price movement and to price into the weekly FVG.
Let me know what you think in the comments.
Some of the pairs I would be monitoring for next week are:
AUDCAD, AUDCHF, GBPCHF, GBPCAD et al
Let me know if you are also monitoring EURGBP.
Cheers,
David
AUDCHF ____ INCOMING BULLISH RALLYHi Traders,
This is a pair on my radar. It just formed a buy-side liquidity pool that needs to be swept. This is one pattern I have noticed in the market for a long time. In this case, I expect it to play out for a few reasons I will list out.
1. On the monthly timeframe, we dumped into a key level now a retracement in at play
2. On the weekly timeframe, we have a weekly Fair Value Gap (FVG) to fill as marked on my chart
3. On the daily timeframe, the price created equal highs as I have marked on my chart which is just below the weekly FVG
4. This last point is for people that trade chart patterns, we are to expect an inverse head and shoulders to play out
The above reasons drive me to speculate about this rally.
I don't know when the rally may happen but watch out for it.
If you have any comments about my analysis or forex in general, let me know.
Enjoy
David
CADJPY ____ INCOMING BEARISH DUMPHello Guys,
This pair has entered the weekly FVG but before doing that, it took out enough buy-side liquidity as marked on my chart. The pair had printed a bearish price structure on the monthly timeframe which explains why we should expect a bearish move to the marked TP on my chart.
I will go to lower timeframes most especially the 1-hour timeframe to look for my setup to take an entry short.
That's all folks.
If you have a question regarding this trade idea, let me know.
Cheers,
David
EURAUD ____ BULLISH MOVE UPDATEHello Guys,
FX:EURAUD is one pair that has been on my radar and right now, it has entered a key weekly demand zone after taking out a daily buy-side liquidity. Not only that, you would notice on my chart I have marked out some buy-side liquidity pools on the 1-hour timeframe that the price would like to go hunting on its way up.
Another interesting thing to note is, if you go on the weekly timeframe, you would notice the particular candle that the price has just been taken out. That candle had a strong bullish impact and we have just closed below it on the daily, so I expect the market to react accordingly. It is also based on that candle that I have decided to place my TP at that price.
I would love to see the price go higher to sweep the other buy-side liquidity in the 1-hour timeframe but I am content with where my TP is.
As you guys know, trading is a long-term game and you will always leave money on the table.
There is no point in trying to have the best entry and exit. Just focus on each trade to win and that's all.
If you have any questions concerning this trade idea or anything related to forex, feel free to ask me.
Cheers,
David
NZDCHF ____ INCOMING BEARISH TRADEFellow Traders,
NZDCHF has been cooking and right now I would say it is ready to be served. This pair had made a bearish impulse on the weekly timeframe and now, it has retraced into a key zone which is an FVG on the daily timeframe. I am not looking for another bearish leg on the weekly I just expect a short-term bearish reaction to the zone as I have marked on my chart.
Hopefully, my setup come before this move so I can take a trade because right now, it seems it might leave without me...LOL
What do you think about this trade idea? are you also watching it?
You might also want to keep an eye on EURNZD and NZDUSD.
Cheers,
David