


themarketmafia
90% trade idea presents itself early on a Monday. I've been a little more on edge with the markets but I will let this one do it's thing and at least see if we can hit 88.500 with some downside movement.
Small idea for GBPCHF, with the dollar seemingly at support where it might hold I think GBP pairs will to the opposite and from this exact area we are currently in is where we could potentially see this move happen. Unfortunately I will not be entering a trade from this exact spot even though It would be good to to minimize risk but to stay inline with my trading...
Price on USDCAD is at a important decision point. All timeframes are bearish but we are sitting at weekly resistance that has held since 2022. Just by looking at the trend I would want price to go below that zone and shift structure so we can look for a entry to sell. But in my opinion I think this week it will do some retracing back to one of those higher zones....
Last week on AUDUSD we took a 2% loss totaling 2.8% lost on phase 2 so far. Crazy part is our bias last week was completely right and we caught a good entry but price just wasn't quite ready to fall like it has been recently. We are now looking for a retracement back into the zone to then look for a entry depending on the confluences we see show itself.
The pairs this week look so much better than the previous weeks. Probably because we are now moving into Q2. Statistically Q1 is my worst quarter and in Q1 we did pretty decent. Looking at GBJPY this is currently my top pair. So far we have multiple confluences and what we are looking for next is for price to switch structure on the 1hr so we can potentially catch...
Position taken on AUDUSD, based off of my grading this trade is about a %85. I'm 100% confident in this trade win or loss let's see what happens
Last week we ended up taking a -0.83% loss due to impatience. Lesson learned and now we are on to a new week. Only one pair on the watchlist but it is a good one! All timeframes in sync. Price at the zone and EMA. With price clearly bearish and the move into the zone already happened we are just looking for a entry signal.
All timeframes in sync, looking for price to come back to the zone to then possibly have more confluences in line to then take a buy position
All timeframes in sync, looking for price to come back to the zone to then possibly have more confluences in line to then take a buy position. This pair is the pair that has the most confluences so far all we need is price to come back to the zone
All timeframes in sync, looking for price to come back to the zone to then possibly have more confluences in line to then take a buy position
Strong move to the downside early into the trade hopefully take profit get reached soon.
Just got an entry in on GBPJPY which is a 75% trade according to our trading plan. Hopefully price can keep this momentum as we are only looking for a 1:1.2 RR this trade.
CADJPY also the same thing but just lookin for price to travel a little further up to it's zone. All timeframes in sync, price is also currently at a point where it could soon give a entry around here just waiting on lower timeframes to enter. Just looking for price to move slightly back into the zone so we can hopefully see moves downward
same thing on EURJPY , All timeframes in sync, price is also currently at a point where it could soon give a entry around here just waiting on lower timeframes to enter. Just looking for price to move slightly back into the zone so we can hopefully see moves downward
All timeframes in sync, price is also currently at a point where it could soon give a entry around here just waiting on lower timeframes to enter. Just looking for price to move slightly back into the zone so we can hopefully see moves downward
This trade took a lot of patience as we consolidated in profit for a while failing to break that minor zone of support multiple times. Currently up about 3% I'm looking for price to continue it's bearish move in hopes of reaching our 4% take profit.
From yesterday our sell position on NZDCAD was playing out smoothly but I knew this won't last for long because we needed a retracement and also we had two strong minor zone we would have to break to continue bearish. We broke the first zone but then price couldn't break the second one. Right now we are still in profit but price in now moving...
Trade entered on NZDCAD , hopefully price moves smoothly we are also still looking for a close on a gap around 0.80900 so if price closes solidly below that , that will be a good sign that price will continue this down trend. As for the rest of the confluences this is a A+ setup at 90%