meister_keith

meister_keith

If you look back on the weekly from March up to now the market has been moving in a very predictable manner. First it breaks a level, then it ranges withing a 100+ pip range then it breaks out on the last week of the month only to re-test the broken level to push further up. The monthly, weekly and daily are all bullish and price is pushing up to the monthly...

meister_keith Updated 

I first took a buy on the retest of 1.35100 on the H4 but got in 5 pips early at 1.35150 so this trade got stopped out. Now i've taken the same setup but as a retest on H8 and the broken daily range zone at 1.35000, i believe that price will push up to the next daily supply zone @ 1.35650 but this might not happen this week because the monthly candle is closing...

meister_keith Updated 

-1.35000 finally broke, after a month of ranging. The same pattern happened on the previous month and it broke out on the last week and a half before a new monthly candle opened. -H4 broke 1.35100 then a new H4 pushed down to re-test the integrity of the broken level before it keeps pushing up to the next zone. -My goal is to catch a potion of this move, if the...

meister_keith Updated 

The daily closed below it's support. I waited for H4 to re-test the broken level then i got in on a sell. On the daily, the momentum is pushing down so i'm anticipating a bearish momentum continuation.

meister_keith

I have taken this trade 3 times, got stopped out twice at break-even and the last trade hit my sl. When i finally understood where price was heading for, i waited for 139.900 to get hit and as price started pushing back down into this level i took another sell because price was retesting 138.800 on H4 and H8. Overall, i still see bearish momentum, 138.400 might be...

meister_keith

-Price Broke below 138.700 which was the daily support and H4 support. -Now price has pushed up to retest 138.700 for a liquidity wick on H4 to push down into the weekly demand zone around 138.100-138.000

meister_keith Updated 

I was waiting for a H4 break of support @ 138.700, price did breakout so i timed my sell entry on the retest of the new mini zone to push price down to the next zone around 138.100 - 138.000 which is the weekly demand zone.

meister_keith Updated 

Price held firm on the H4 support around 1.34360. A bullish engulfing candle was formed on the previous H4. I waited for price to push down for a retest of the broken resistance zone then i took a buy.

meister_keith

Monthly - Price is below the monthly support level of 1.27300 and price is currently in the monthly demand zone. Weekly - Price is fast approaching support at 1.25800 Daily - Price is trapped between two levels; -Resistance @ 1.27160 - If price breaks up on H4, i might take buys to the...

meister_keith

Since price already tapped into the supply zone, i'm anticipating that we might see another push down to the demand zone 1.34000 where price might probably bounce back up to 1.34800 for another trial to break up. The above idea is only valid if price doesn't have a huge gap on the market open. If the structure holds, i might look for sells on the retest of 1.34500...

meister_keith

Monthly - i see a potential for it to go long if 138.000 holds like it has been for the past 2 years on the monthly. Weekly - Price is reaching the demand zone around 138.000 which was the rejected flash crash level in the beginning of the year, I am skeptical that price will break this level. Daily - Price held the support at 138.700 but rejected the...

meister_keith

I'm looking to take buys back up to the weekly supply zone, For now i will be observing how price interacts with the demand zone and whether it will hold it's current structure. If structure does hold, i'll be looking to go long once price is above 1.340000 after the CAD news.

meister_keith Updated 

I'm looking to see a rejection from the H4 demand zone to push back up, i already took an early trade on this level anticipating that price will hold this zone, If it breaks this level my next target will be 139.000.

meister_keith

I'm looking to see how 140.200 support/retest level will hold based on the higher time frame, if i see a rejection to the top side then i will be looking to take buys to the 1 hour supply zone that was created around 141.400. I will also be looking to see how the London session will interact with this price point. Otherwise i see no other visible setups.

meister_keith

If the current bearish momentum holds, i'm anticipating that price will push down to the daily demand zone where i'll be looking for signs to buy back up to the top of the daily supply zone. Since we are nearing the end of the week, i i i won't be taking anymore trades, but this is my anticipation of UCAD. For now, i'll stay neutral until i get a solid...

meister_keith

H4 broke yet another minor support level, i took a sell on the retest of this level in anticipation that price will be heading towards the daily demand zone. My confluence is the heavy bearish momentum that GBP has, the broken demand zone on the daily which is now a supply zone and H4 already created a LH so i'm following the structure that a LL should be created...

meister_keith Updated 

I took my sells based on the candle structures on H1, M30 & M15, since H4 was already pointing down i had to line up all time frames first before taking any entry. Price was holding 1.29450 until it finally broke on H1, i waited for a pullback into the range and sold on the retest. I have to admit, i was hesitant on taking the trade but my rules say; if i see my...

meister_keith

I saw that the H4 had rejected 141.300 and closed positive so i waited for price to drop and form a liquidity wick to push the next H4 up, i was sloppy at best with my entry since i felt like i needed price to push up above 141.500 and it did but i never got a clean retest of this level so 141.600 was the next best thing. Took my buys on the re-test and went to...