oscarkay

oscarkay

Potential Weekly long, "Potential". Again, still quite a bearish Euro at the moment, this is one of the ideas I'm looking to develop primarily because of the Weekly level we've seen a reaction to. It's not unreasonable we could fill in some of the space above, just remember this is all dependent on what price action shows us. Have anticipatory ideas for both...

oscarkay Updated 

Currently, Euro has not breached my 4H level of Resistance, however, if given convincing price action on the LTF it would make sense for price to continue bullishly considering the current structure and the overall range that was created. Also, looking at the 4H bullish engulfing formed in London is further confirmation of the current energy of price. However, I...

oscarkay Updated 

The goal of my trading is to never become one-sided, but understand what justifies one trade idea and disproves another. If we have aggressive closure below this level I believe we could fill in some open range. We've reached the 62% extension on the 4H, I see the potential for either direction look to understand 4H candle closures and it will open your eyes to...

oscarkay

HTF is king, look back find your key levels, and pay attention to candle closures.

oscarkay

A small recap of the trade I took on Euro, there is much more that goes into this. But some of the basic principles are to trade-in ranges that are easily filled and justifiable. Notice how price traded aggressively through this range before, there was little price action to support a decline. If you look back previously to this 4H level it did the same thing...

oscarkay

After such a strong move one has believe in the potential for some degree of continuation. We're currently forming the London 4H candle. If it continues to move bullishly intraday it will be a bullish rejection hammer (I don't know candlestick names, but I know price action). I'm looking for the big figure to break and then the price to trade above a short-term...

oscarkay Updated 

Keep in mind, we need to see a closure below this level for the highest confluence. It may happen with no opportunity to enter during high impact news.

oscarkay Updated 

Looking back, if you notice the significant short-term 4H level denoted in the blue line. Price had failed to close below this level consistently over the course of many 4H candles printing. This had been a nice level of support for me, however, once the little 4H candle did close below that was confirmation to me of short-term bearishness. It doesn't mean we're...

oscarkay Updated 

Euro is finding support on a daily level, I'll be looking to take short-term long position if given the opportunity.

oscarkay

Euro has closed below a significant level of 4H support, I'm looking to take a trade lower below the equal lows after price returns to a premium and gives an adequate price action signal off a key level.

oscarkay Updated 

For those that missed the entry at a premium, catch the less risky back end. Entering off 4H weakness bearish engulfing off a key level

oscarkay

Gu weakness on the 4H can be traded within the current range, waiting for 15 min candle closure under current level for confirmation, and retest

oscarkay

Eu is currently being supported on this Daily level, I'm looking for a break of this trend in order to go long. I permit the breach of the equal lows, I'm really just looking for clear sponsorship to the upside. Trading into this weekly level is my aim

oscarkay

As we know it's not wise to predict tops in the marketplace, however, I'm willing to do it anyway if it means that I grow as a trader. Anyhow, we've seen a failure recently in the British Pound in terms of overall strength on the Weekly. However, on the Daily we're currently being supported, this makes me believe we're gearing up for a quick run above the equal...

oscarkay

The dollar has had tremendous strength and while I do believe it's going to turn around and reverse soon, these are still wonderful opportunities to get long while you can. Obviously, you can't trade the DXY itself but look for longs in the respected correlated pairs.

oscarkay Updated 

Looking at COT data and Yield analysis shows that a turning point in the market is likely to occur soon, however, that being said it has never been a wise mans idea to pick tops and bottoms. I am still looking to take shorts and extend the range further, potentially to take out the COVID lows. However, one thing that does discourage me slightly is our inability to...

oscarkay

We did just run into a very very long term Weekly FVG and likely price will have to extend to a further premium than this to warrant a short. That being said, due to the extremely bearish nature of price at the moment, taking a short at this premium above an old high and at a 4H FVG will certainly warrant a good day trade at the least. From here I expect price to...

oscarkay

If the EU stops being a weak little you know what and actually gave some half-decent price action, it would seem very feasible that it comes up to this key level runs the previous day's high. Triggering short-sellers stops before running the big figure