Coming week I am looking at deeper push into the potential buy zone for price to do a deep retracement on the HTF to the 152.8 zone or slightly higher.
After pipping out a H4 swing high, price is taking a respite for the last week and coming to potential buy areas for one more potential leg up. One possibility is the current swing uptrend line with a 15min choch in place The other would be at discounted area for a late break and retest of resistance turn support. Lots of resting sell liquidity waiting to be...
EURUSD has shown its strength but has since come to a resistance zone. Pending correction, it still has some strength left and room to push before making a retracing. If the bullishness is to continue, I expect the first zone in the range of 1.086555 to provide the first support for another leg up but if not, it will be looking to go lower to grab liquidity...
On the higher time frame, bears have pushed quite a distance deep into the daily FVG. If to fuel any further sells, it needs more early sellers to give up liquidity. We can take some risk going against the tide and aim for the daily equal highs.
We will now take the opportunity at this favourable level to take a short back to where we targeted yesterday for a 1:8RR. Entry, SL and TP in the chart
So now it appears to solidify the price action breaking to new lows after an an obvious double top. The chart took out both sellers' and buyers' liquidity. My last short term retracement bullish bias yesterday has hit a successful 1:14RR. If price is retraced to where it is now, we may take a position short. There is a possibility of it going higher towards...
My bias is still bullish with the price settling deep into a 4h OB after having taken out 2% earlier today. Price has shown choch and returned to 1min OB. Tradingview does not allow for lower time frame. Entry, SL and TP as shown. Targeting 50% recovery of this last swing
The dollar has shown its resilience taking a deep pullback after taking out minor sell side liquidity. On the 4hr timeframe, nice equal highs sit waiting for the sellers that means the current trend has a better probability of going there first before heading south. Entries on chart
These are just my views. 1% - 2% per trade As of 11th Jan, gold has taken out liquidity zones and closed above them. In the short term, I expect gold to return to the 2040-2055 range for a premium price for us to resell it. Entry, SL and TP in the chart.
The retailers are inclined to sell at the last resistance but the sell off is not over. We shall wait until price settles into the deep pull back for further propulsion towards higher highs with TP1 at 146.75 and eventually 148 if it works out. 1 trade with a wider stop loss range 1 trade at the furthest retest of support zone Good luck
GBPCAD is in a strong bull run, taking a swing scalp to psychological resistance level. Recent weak equal high liquidity looks set to be taken out based on order flow. Are you a believer of resistance zones or liquidity zones?
Waiting for price to come to high confluence area around 1.3555 zone for a bounce off 4h and daily trendline plus below obvious support zones. Lots of imbalance and liquidity to grab for another bull swing to retest the highs unless of course it decides to just shoot through for whatever news that the market can exploit even if it is irrelevant. Red lines are...
Price has grabbed liquidity at near equal highs. Broke the upwards trendline and going into retracement. Fib 100% extension of impulse move to next liquidity support. May target beyond equal lows but conservatively we can take profit at the equal lows for a 1:2 risk reward Short : 0.87171 SL : 0.87278 TP: 0.86965
CHFJPY ready for a deep pull back after seeing HTF equal highs and lower time frame equal highs, exhaustion in current swing. Lots of equal low and trendline liquidity for a deep pull back before pushing higher
Price in the M15 time frame has been making higher highs and now retrace deep into the bullish OB ready for a bouce Entry: 149.583 SL:149.52 TP:150.15