CANADA COT data shows that canada is showing more bull power than GBP. we will wait for the bullback and rejection of that area. once the rejection closes we take the break of the rejection candle.
we have CAD breaking alot of structure to the upside and now its back at a demand and we have a nice rejection candle of the demand and the 200 ema. if we can break this h4 candle to the upside i will get in to this trade and SETANDFORGET as always.
when xrp breaks out of this nasty consolidation then we good for a new high.
we have a break of candle on the weekly on ETH. cryptos most likely will go on a bull run soon.
yes. I see... the 3 month chart... a fair value gap. this 3 month candle about to close soon. if this is a rejection then expect more upside on BTC.
so this is my setup i take on multiple timeframes. once that candle breaks..... its over!!
EURCHF isnt our favorite pair in any way.. however we have a good opturtunity to take a nice swing back to the highs. We think CHF is ready to start weakening on other charts also so lets see.
I am currently in this trade for a few weeks. I see AUD strenthing with AUDCHF, AUDNZD and AUDUSD.... so GBPAUD and EURAUD could go bearish after tapping into supply zones.
I like the break out of the channel on BTC. Im looking for it to come down to the demand zone and off to the moon. 80k is the next target.
Looks like AUDNZD is ready to fly to the moon!!! its creating lower lows with really good demands to buy off. In addition to that its a break out of a nasty consolidation. wait for the tap of the zone and get in!!!
SO on the weekly the DXY tapped into a supply and dropped which made it start to retrace back down. HOWEVER, on lower time frames the retracement showed weakness to the down side so a new demand was created and we have a new CHOCH (change of character) looks like more bullish pressure will continue on DXY back to the original supply. so we will be looking for...
We have a potential pullback to a supply and we can take the short
we should by now understand the game of probabilities when it comes to our trading edge. so with that being said lets go over this USDMXN. The peso’s strength reflects a relatively optimistic outlook for the Mexican economy, with 2022 growth surpassing expectations. Having grown 4.8% in 2021, the World Bank expects it to grow by 2.1% in both 2022 and 2023. As Far...
As u always state trading is a game of probability. so with that being said there is a possibility that IF the DXY fail to make it pass the (Drop base Drop) supply areas then we will continue to see Dollar selling pressure coming soon. NOT quite sure if this will tie into a recession or the next major thing like interest rates coming down but its worth seeing for...
EURGBP is been a very interesting pair. the interest rates for GBP and EUR have been up and down respectively after the crazy BREXIT for the last few years. what we are seeing now is a major order block supply area that has been respected very well. On top of that we have a tight channel that is being respected also which makes it interesting for breakouts. lets...
We fair market gap that needs to be filled on the MONTHY. yes you heard me MONTHLY. this is a good swing trade idea. i usually take these setups on the m5 and m15. Im waiting to the gap to be filled tap the demand zone and reject and the next monthly candle breaks the candle and im in for the swing. remember trading is random. most traders lose money. always use ...
So Flash Manufacturing PMI was good for GBP Which had the candles wicking at the demand keeping GBP standing firm at that 1.7600-1.755 area but CPI for AUD came in and decimated that area. so the demand didn't stick.
Lets be honest.. YES. the news is saying we are in the bear market but... this is too much of a high probability that i just want to cry. lol (seriously) see i love high probability rally base rally demand setups. (my bread and butter) so I'm waiting for more confirmations on the lower time frames and take the trade. of course the broker i have allows .minis so...