Zimptrades

Zimptrades

Euro/USD has had a big drop at the end of last week, that has left a mighty imbalance. We could see a retrace back to the support zone and then a shoot to fill the imbalance, or we could see a small retracement upwards, and continuing the push to 1.20 (a major key level). The dollar Index is at a resistance right now (DXY), hinting at a bias towards the first option.

Zimptrades

Price has consolidated for a little after last week's drop. Just before closing, price has broke structure and created higher lows, and higher highs as indicated by the new grey trend lines. Fibonacci trend retracement also shows that the small retracement is approaching the .5 golden zone. What many people thought to be a downward spiral to 1.81 may turn out to...

Zimptrades

GBPAUD broke trendline from a previous long setup. From here it retested nicely off the same trendline and came up to stop out the impatient sellers. I entered around the $ sign, looking to short to the next key level.

Zimptrades

GBPAUD long position upcoming this week. Price has been following a decent long term uptrend, and is coming back to hit the trendline. We will wait for an entry around the money sign, after the banks come in to hunt the stop losses of impatient buyers.

Zimptrades

Waited for price to fill the gap imbalance from Monday's Market and found an entry on the wick near the $ sign. US30 is currently in a bounce consolidation with support at 33750 where the market makers have been grabbing liquidity.

Zimptrades

Price Pulled back after structure change and entered a bank manipulation zone. Entry on the "Liquidity wick" there labeled by the money sign. Looking for a buy up to the previous high with a 1:4 Risk to Reward

Zimptrades

GBPUSD at major resistance point. Shows lots of imbalance after a bullish climb with very little retracements. Waiting for a safe entry after the EMA's cross and the bank gets involved somewhere around where the dollar sign is.