themarketmafia

themarketmafia

GBPJPY all timeframes in sync to the downside. Price had that initial move to the zone since then it has pushed down but on the 1hr the shift of structure has not taken place just yet but soon we are looking for price to break that low and then retrace back up to that minor zone to then give a entry signal.

themarketmafia

On EURJPY all timeframes in sync , at AOI , round number. Now just looking for a break of structure a new retracement or lower high to be formed and then a entry signal.

themarketmafia

NZDCAD, One of the three pairs we are looking at this week and it is almost in the position for a entry to be taken. All timeframes in sync, price has now retraced back into the zone we needed it to retrace into. From here we have seen a shift of structure and now we need "convincing" price movement to then look for a short. Will be monitoring this pair closely.

themarketmafia

No trade taken last week due to the gap that was formed at the start of the week. I didn't want to end up forcing a trade and breaking my trading plan but this is the trade we would have taken if we were playing it a little more risky. To some traders this isn't risky at all and maybe I played it too safe but this type of discipline is what you need to be...

themarketmafia

Potential CADJPY trade? if we get a retracement back into that zone price will be hitting a psych level and a previous structure level. It will be another confluence if price also meets the EMA and uses it as resistance.

themarketmafia

Exactly what I expected happened , just didn't manage to get an entry which is what I also expected. I knew this move would be quick but the only reason I missed this trade is because there was simply no entry signal.

themarketmafia

Idea for EURJPY , All timeframes in sync. The gap created on sunday has been filled and now you can see the head and shoulders switching the structure. Looking for price to come back and create that new lower high around that zone which also has the EMA a round number and recent structure.

themarketmafia

All timeframes in sync in trend, the gap could potentially be filled in the AOI region where we would then look for price to continue bearish moves. I like the previous candle close on the daily and the fact that the gap close is also in the region of the AOI.

themarketmafia

Same thing on EURUSD, Big gap in price across majority of pairs starting this week , will be waiting it out to see if the gaps will close and for price to go back into it's normal movement. Price on EURUSD could close the gap and then move to the zone to then continue bearish movements because all timeframes are in sync downward

themarketmafia

Big gap in price across majority of pairs starting this week , will be waiting it out to see if the gaps will close and for price to go back into it's normal movement. On AUDUSD however we see all timeframes in sync so far price could still fill the gap and continue it's moves down.

themarketmafia

Target reached. You saw it from part 1. Up +4.21% So off to a good start, Let' s hope the market continues it's momentum for next week as we close in on phase 1.

themarketmafia

Here is an update on CADJPY. We got the entry we was looking for and now we are in 2%+ profit currently. I'm looking for price to keep moving in this direction to come to our take profit

themarketmafia

CADJPY is almost there in terms of our wait for an entry. Once price breaks that red line it will have then shifted structure on the 1hr and we will then be looking for just one more confluence to then take the trade we been looking for. So far though price is doing what we planned it to do.

themarketmafia

Essentially this is all we need to look for a entry, just a break of structure on the 1hr and for price to come back into that zone again which would look like a head and shoulders and also would be in sync to meetup and touch the EMA for another confluence.

themarketmafia

This is the only pair on my radar this week, CADJPY. All timeframes in sync, good rejections around that AOI and round number. Currently this trade is at a 65% just looking for a shift of structure and an entry single and that will give us a grade of 85% potentially. A shift of structure on this pair would just look like another retracement back into the zone to...

themarketmafia

no drawdown so far, up 10% let's hope the moment holds to secure some more profits but as long as price continues this bearish trend we could see our potential take profit or even lower.

themarketmafia

Here we have GBPJPY a potential short setup. I can see price coming back up around that AOI and then pushing lower forming a head and shoulders on the 1hr. We also have some confluences like all timeframes in sync, a round psych level , price being at the AOI, rejections around that AOI, and also the switch of structures. Just awaiting price action now.

themarketmafia

Looks like a clean setup in my book, following my trading plan that is. I gave price some room to breathe with the stop loss making it under some of the previous lows. I'm looking for price to continue it's bullish movement.