GBPJPY short/sell idea: I have identified that the orderflow is bearish. After price took out the highs, it went on to take out the lows, changing the market structure. I would like to see a retracement on price and my entry pattern on the lower timeframes to execute my short position.Considering that it is a Monday, price might be a bit slow but I will be...
Hello traders.
Happy New Year to you all.
This is my outlook for GU. Price has taken liquidity on the upside and had expanded to the upside as seen in the snap.
I will be waiting for price to go for the extreme order block to fill up the inefficiency. Once, price gets into my POI, I will be going on a lower timeframe for execution. Currently, risk to reward is...
Hello traders.
After price broke structure (BOS), I wanted to see it retrace lower and it gave the retracement as the corrective structure in the channel highlighted. As soon as price broke out on the upside, I then wanted to see it pull back again into the last down candle before the up move for me to seek longs (shorts on foreign pairs)… I am currently short on...
Similar to NU. Looking for a push lower. However, seeing that it is Friday and I generally do not hold positions over the weekend, I will be closing with the profits I have.
Ideally, if the DXY is geared up to go higher, I will still check for re-entries lower on foreign pairs.
Good luck for next week.
Thanks
Hello fellow traders.
This is my idea for NAS, I want to see it trade into the inefficiency above (IMB) and then for it to trade lower by confirmation of LTF.
Hello fellow traders,
I am currently looking to enter a short position on US500 as price is still bearish. If the -OB holds price successfully then I will be open to a sell position until the lows.
Goodluck
DXY has traded up into the imbalance, therefore price is efficient in my opinion.
I will now be looking to see DXY trade lower, meaning foreign pairs bullish.
No need to rush trades, especially being NFP week.
Good luck and happy trading.
Last week have us a signal to sell EU, AU, NU. This was evident when we saw DXY trading higher ask have also shared on this platform.
I think our shorts are coming to an end before going long.
Lower timeframes will be closely monitored for potential trend reversal.
Have a great trading week.
Still seeing DXY trading higher. There was a break of character (CHCH) signalling that price wants to trade higher. As long as support holds, I see it continuing higher. Therefore, foreign shorts
After being stopped out yesterday on NU shorts. I have re-entered on the breaker + imbalance area to continue shorts. Price is at premium and looking for discounted price. I will see how it goes to close Friday.
I am looking for DXY to trade into the imbalance. If support holds, then foreign pairs to trade lower.
Always applying proper risk so that when I am wrong, I only lose the portion of my account that I can handle.
