


USA_Capital_Funds
EssentialPrice has prided an excellent resistance turned structure with a confluence of a triangle retest and gartley harmonic. Lets see if we can get at least a quick 2R from this one
Price has met all criteria for our 'reversal setup' and on top of that, price is hanging around the higher timeframe fib extension and ABCD completion levels. Lets see if ASIA can give at least give us a 2R idea in the bag
EJ bias in higher timeframes is still bullish and here we get a nice consolidation leading to a breakout candle at the start of our shift. Price is aggressively drawing down but unfortunately the trade is already set. The process is being followed correctly and this position meets playbook criteria so the trade must play out. Going for 2R on this one
Price has pumped to a very strong key level and neckline of higher timeframe double top. Now we may see the dump play out and have entered using our ABCD/EXT setup which calls for a SL using our ATR on our trading timeframe. Big potential for downside if price does fall
Price continues the technical uptrend and we had a major reaction from EU at the 618 fib level. Lets see if EJ follows
In confluence with other JPY pairs, GJ seems to be for action with a multitude of presented playbook setups. We will go with a break out break back in of supporting structure with an inside bar break entry. If works, has high potential to swing for higher targets
We have identified one of our playbook setups on USDCHF in a classic break and retest. Price in overall uptrend after breaking multiple downtrend lines
UJ has tested round level of previous structure nicely which happens to coincide with our fib ext playbook setup using rejection candle as entry
618 Fib Setup entered. Using mobile, not at desk so can’t go into much detail
Let’s see if this relative 618 level holds as it is also backed by structure it is usually one of my most consistent setups. If it doesn’t and price continues uptrend the next best place to enter would be the bigger 618 from the very bottom of the consolidation
Break out setup conditions met with ATR being used as our SL for a 1:2 trade
PLAYBOOK SETUP: REVERSAL (all conditions met) ENTRY CRITERIA: MOMENTUM AIM: Minimum 1:2 RR
Playbook setup formed and trade executed. Simple break and retest after depletion of buyers. Aiming for at least 1:2 RR
Price has successfully closed below range and produced our classic BO setup. Profit on this setup is slightly less probable but still very possible
EJ is in a consolidation phase so we must watch our step, but thats usually when algorithmic patterns come out to play, so lets see if they will follow thru on this harmonic reaction, price also formed one of our reversal setups, followed by what could be a continuation with this break and retest
NJ and AJ seem to be the last pairs to want to join JPYs downfall, this could either mean we can expect a pullback on all JPY pairs or that its simply late to the party and still gathering volume for a bigger push up.. not sure, but decided to test this hypothesis by entering a limit buy order at the 618 which was just hit. SL used was our ATR formula for a...
In line with previous entries, GJ seems content to continue bullish push by painting a Libra Setup with momentum break out bar. Aiming for at least 1:2 RR and further liquidity sitting further above 161.500
Now that the market has grabbed the money sitting below support, lets see if they play the dump and pump using a 272 fib ext and triple ABCD to join the bulls