usdmxn sell ideaconfirmations
- imbalance
- market structure (15min/1hr BOS)
- liquidity
- time
- numbers theory (whole level, area is near whole level)
Ftmo
RANGE EXPECTED ! 1000 PIPSWe are about to enter that noise and boring side-way movements, but to be profitable during such times here is what to do :
- Look for possible key support/resistance levels
- calculate the liquidity supplied by the last 14 days
GBP been strong since the last year december, however i expect more continuation of this movement. HH, HL.
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EURUSD London session trading plan march 2ndLondon session set up for NFP week. 3/1/2021 - 3/5/2021
Looking for some wild price action into day 2 of week 1 March.
Bias: Bearish
Seasonal Tendencies : Consolidation
Monthly Judas? Yes (Expecting on week 1/2)
Weekly Judas? Yes (Expecting Tuesday low of week)
Daily Judas? Yes ( Possibly will complete on current trade set up)
Institutional order flow weekly : Bullish
Institutional order flow daily: Bullish
Institutional order flow H4 : Bearish
Institutional order flow H1: Bearish
Institutional price levels near? : Yes 1.20000 at the start of FVG 14 pips above our TP target.
Confidence level : ⭐️⭐️⭐️⭐️(4/5)
Entry 1 : Mitigation block formed inside of the asian range.
-1.20233
Take Profit : End of Fair Value Gap on the 4HR
Entry 2 : 15 min Fair Value Gap formed out of central bank dealers range going into asia.
Take profit : End of Fair Value Gap on the 4 HR.
Notes
Possible shift of higher time frame institutional order flow this week.
Will keep a look out for this shift in price action after HTF fair value gap is filled.
Expecting Higher prices in EURO for NFP
EURGBP - SHORT DAILY Hello Traders,
we noticed a very clear Head and Shoulder of inversion on the EURGBP.
Trading volumes slightly decreasing also confirm the bullish exhaustion and the bearish scenario becoming more likely. The 0.886 level, which is the neckline of the H&S is now being broken. We would wait a more wide movement to the downside to reduce at minimum the risk of false breakout with the price jumping back above the neckline.
As usual, two different targets are provided. One more conservative, corresponding to the previous lows, and the more aggressive one, whose Take Profit corresponds to the target of the H&S formation as per textbooks.
What do you think of this idea? What are the tool you use to confirm or reject an Head and Shoulder Pattern? Let us know!
GBPCHF - LONG TRADE ON DAILYThis chart shows another shorting opportunity for the Swiss Franc, with respect to the British Pound.
It is a longer trade than the previous one as the timeframe is daily. There are also two different targets and strategies that can be applied, depending on how much time you can wait for the realization of the scenario.
We see a very nice confluence of indicators and lines at the same level. When this happens, the overall idea gets strenghtened.
Indeed, at 1.22 we have the convergence of three signals. Firstly, it is the upper part of the ascending triangle and the point of control of the last downward leg. It is also the last level of the retracement area. It means that a price above it would mean that the bounce up from the minimum of 1.11 is most likely no longer to be considered as a retrace, but rather as a true impulsive up wave.
1.22 coincides with the Point of Control, the level at which most of the trades volumes were concentrated in the last period, and at which the battle between longs and shorts will be fought. Whoever wins, will pave the way and indicate the direction of the following move. This level has been tested many times and every time is gets weaker. In case of a breakout, the movement can be violent, therefore we would prefer to enter immediately and not wait for an eventual retest, that can be used to increase the position subsequently.
Targets and Risk Rewards metrics can be found on the chart.
What do you think of this idea? Let us know in the comments!
NZDCHF LONG - SHORT TERM IDEAHello Traders,
we signal a nice Head & Shoulder of continuation of the trend up for NZDCHF. The target for the pattern is 0.65.
An aggressive entry would consist in entering now, at the retest of the horizontal line which correspond to the previous top.
A more conservative approach would be to wait for the retest of the neckline of the Head & Shoulder. This would increase the odds for the realization of the pattern but also the risk to be left out of the trade, since retests do not happen every time.
The total size destined for the trade can also be split 50/50.
Which kind of trader are you?
Are you an aggressive trader who enters on breakouts or a more conservative one, waiting for retests and confirmations?
Let us know in the comments!
GOLD POTENTIAL PLAY Gold Gold Gold, such a wonderful market to trade, such a beast to master. Whats up guys, i never show ideas for gold, but i think its about time i start posting more on here so this is the first step I suppose.
Lets hop into it; as we can see, gold is in somewhat of a consolidation zone marked in purple, and this is telling us either price is preparing for a shoot upwards, or a shoot downwards. It really depends on the close of the next hourly candle in my opinion.
So using price action, we will have 2 scenarios:
Price closes bullish and continues upwards (this can be a doji as well, as long as the candle is a bull candle). In this instance, we would move to the smaller timeframes and search for a potential entry for a buy and ride the wave to the green I have marked up for a nice little scalp on the day.
Scenario 2:
Price closes BEARISH (Engulfs the last bull candle, and stays under the 2 ema's I have marked on my chart). In this instance, we would be searching for short positions and place our stop loss just above the upper level of this little consolidation zone and rice the wave to the lower wick marked by the support line I have on bottom
Which ever may be the case, we must be patient in our approach and resist the urge to hop in the market early just because we might thin we know where price will go. Just wait, and trade WITH the market. Not ahead, and not behind; WITH the market.
Trade safe, Trade smart, Trade Precise, we got this
GBPUSD Potential Reversal...Whats up guys, Im back with yet another idea. We posting early this time but its time for me to get on my trading view grind for real.
This on is fairly simple right now, and it involves 2 potential resistance levels. The first, which is marked in blue and the second marked in red. Price was pushing down heavily during the night and completely reversed during the Morning of London session. Like i always say, price tends to reverse London's direction during the New York session. This doesnt always happen but its fairly common.
As we look at the first level of support i have marked, we can look back on the hourly chart and see that price has been here a number of times, clarifying this level as a semi strong resistance.
If price breaks pas this level, we can wait for price to hit the red line i have marked and observe orice action from there. Not a lot of hints from the market right now since we are in the middle of a move it seems like.
Whenever price is in the middle of a move up or down, its wiser to stay on the side lines and wait for consolidation or rejections of some sort.
With that being said, traders, be patient this morning and wait for clear indications from price on potential sell opportunities, i see on the RSI that we are over bought heavily, yet another indication of a potential reversal in this bull run.
The candles have been bullish in nature however, so this could be completely off and price just continues to shoot up...
TRADE SAFE, TRADE PRECISE, AND TRADE IN FLOW!
GOLD - WEEKLY UPDATEHello Traders and welcome to the first idea of 2021. As usual, the first days and weeks of the year are poor of big movements. However, we noticed this nice signal from XAU.
The trend is bearish and the price fell below the 200 Moving Average daily once again (1841). We also are below the lowest retracement level of the last leg up (1838), which seems just as a reaction to the reach of 1764, a key multiyear level. This means that this is not a simple retracement, but Gold is likely to go further down. Also, this time the price had almost no reaction to the touch of the 200MA. The RSI has still room to fall.
Our idea consists in a short position with:
- Target 1764 and
- Stop Loss just above the top of the last candles
The Risk Reward ratio is 2.
The Dollar experienced a steady decline over the last months but at the moment is bouncing in the short term as can be seen from the Dollar Index. As we know, a strengthening of the USD causes commodity prices to fall, all else being equal.
FTMO wishes you a happy 2021, full of success in trading!
EURJPY and THE 5%ERS TRADING FUND VERFICATIONUSING TRADINGVIEW AND YOUTUBE AS AN ACCOUNTABILITY TOOL FOR MY TRADING IMPROVMENT THIS YEAR.
GBOUSD Back UP? (Scalpers)Gonna keep it short and sweet. I took a scalp on the short I posted for gbp, locked in profits and now i see we can potentially move back to the upside as price seems to have found some footing shown on the lower time frames. We can wait for the next 15M close and observe price action, waiting for confirmations such as a break and retest.
Since we are in a local uptrend it makes sense to follow a continuation to the upside.
If we look and my previous idea i posted the trendline on the upper channel has now been broken so this will invalidate my previous idea. We could also watch out for a retest on the trendline (top) \
Just wanted to post a quick idea. Thanks for checking it out!!
GBPUSD SHORT (SCALPERS)WHATS UP YALL, HOPE YALL ARE HAVING A GOOD MORNING OR DAY, WHEREVER YOU ARE!
Go follow me if you havent alrewady, I post nearly everyday and show that fire analysis BAYBEE!
Lets hop right into this one, so as we can see, gbp usd is getting rejected at the upper resistance i have marked. This has created a lower high and gives us a question: are we going back down? We further analyze the chart and notice that the trend lines i have marked (arrow channel) are validated by price hitting twice and very clean at that. Also we see we have a lower low formed and this is a further indication of a possible sell.
Pair this with a glance at the RSI and we are overbought, another indication of selling.
If we need further confirmation, the trend of the london session was upwards. If we know that NY session tends to reverse the trend of the market (not always, observe market sentiment), we can be further persuaded that price wil take a downwards direction.
However, it is still possible to go in the upwards direction since on the 1H chart we just crossed over on the two emas, as well as we are currently in a "buy" trend (Local trend). This being said we must wait for price action. Be sure to use a stop loss and be patient.
Precision and Patience
Thank yall for checking out the idea, stay tuned for more!
AudUsd is going downI think AUDUSD will go down since it fails to break highs for a long time. And it's still under the bearish territory and under the alligator so it may go down long-term to hit the TP
USDJPY - SIGNALS OF A CONTINUATION OF THE TRENDHello Traders, USDJPY seems to continue its downtrend.
At the moment the price is below the psychological level of 104 and, most importantly, below the POC (point of control) which shows where the "battle" between buyers and sellers has been played with respect to the last movement. Battle that was
A very important signal is also given by the fact that none of the last candles closed within the retracement area, despite being temporarily in it. The 9th December's candle is also a pretty bearish candle, with a big shadow above its body.
The RSI has also plenty of room to fall and it already reached its highs for this particular period in time.
Target 1 (identified with the 1.27 Fibonacci extension) - 103.09
Target 2 - 102.41
Stop Loss - above the poc2 and the first level of the retracement area
Risk Reward ratio 2.11
The downward scenario is strengthened if we consider the previous downward legs, with its related POC perfectly rejecting the price every single time.
In this case, the targets are on the charts, but the Stop Loss should be put above the descending trendline (and the related poc2)
Risk Reward ratio 3
GBPUSD LOOKING BACK TO THE UPSIDE?HEY GUYS IM BACK WITH ANOTHER IDEA, IF YOU HAVEN'T ALREADY, GO AHEAD AND FOLLOW ME FOR ORE, THAT WAY YOU CAN STAY UP TO DATE WITH THE PRECISION FAM.
Lets get right into it:
So as we can see, london session pushed the pound to the lower side of the price range, this is important because the NY session tends to reverse the direction of the London session and this can be added to our list of confirmations. the area i have marked in the red ellipse is what i believe is a stop hunt (correct me in the comments if im wrong). Zooming in on lower timeframes it becomes more apparent. All this being analyzed, we can assume that price is looking to chase the upside.
So how do we approach this? Simple, we must wait for price to pull back to a level f support so we can see what price action is at said level. More than likely price is going to touch down on the purple rectangle then shoot back upwards OR break the level and continue to the lower end of the price range. So my tip to you all is be prepared for a short as well as a long because on this hourly chart we see that price is under the 2 ema's. Keep that in mind before entering a position.
Thank you guys for reading this far, let me know if you want me to make the ideas a little bit shorter to read.
Remember, price action is our best friend. OBSERVE, EXECUTE, PLAY. LETS GET IT PRECISION FAM!
GBPUSD AT A STANDSTILL; POTENTIAL MOVES...Whats up guys, im back with another gbp idea. Before we get into it dont forget to show your support by liking this idea!! If you want to stay up to date with all the trades i post on this platform, go ahead and follow me, i post twice a day usually, unless im super focused on my charts. BUT lets jump into it:
As we saw earlier today during the ny session, the pound had a massive uptrend as soon as 7:30am hit, before the NY session, price was sht down heavily as we eased into this monday. As we stand right now, we see that price is relatively flatlined, a support formed on the bottom as well as a small resistance up top. We must wait to see what price does in this channel but there are two potential outcomes in my opinion.
So as i am typing this, it looks as price will break the top resistance i have in yellow. Assuming this happens, we can be safe knowing that price will rise to the next recent pivot point which i also have marked in green, As price breaks the upper level of this rectangle we can ride the buy up top or wait and see what price does at the higher target. Remember, price action is key and will always tell the move of the market, just be observant.
The other scenario that could arise is we could break on the bottom of the rectangle, continue downwards as we did yesterday early morning during london session. We will use the extended wicks as price targets, we treat those as markers used by the banks so they can see where they need to move price to become break even with a major sell off or major buy.
So we will wait to see what price does within this channel but either way we are patient and observant. Price action is our best friend and we will treat it as such
HOP YOU GUYS ENJOYED THE LATE NIGHT IDEA, REMEMBER, TRADE SAFE, TRADE SMART, AND TRADE PRECISE. SEE YALL IN THE NEXT IDEA
EURAUD Sell before BuyWe would want to see the price rise into our supply zone capturing liquidity. Wait for entry criteria - extremes of Bollinger bands, confluence around 1.64 for a sell. Using Wyckoff theory when price returns to our demand zone we'd front-run a buy by 5-10 pips before a move to the upside.
CRUDE OIL - EXPLOIT THE SITUATIONInterestingly, Oil is ranging in the channel 34$-43$ that corresponds to the downside gap in the price experienced in March. Since when those levels were reached back, the price is moving inside the range. We believe that until no relevant news or until the situation will stay at this uncertainty stage globally about the pandemic, there is no way we are seeing the price to take a direction outside the Channel. If not, as of now, the price is more likely to go down than up, as OIL is a real asset used for transportation mainly. Therefore, let's exploit this range. Shorting from the upper half of the channel will give a hedge-advantage to the position even in the case the price breaks down and outside the channel again.
What do you think?
CHFEURHello Traders, CHFEUR is showing a similar pattern. The wedge is much more extended in this case, and the pair has to make a move to break it in one way or another. The violent bearish reaction the pair experienced after touching the dynamic resistance tells us that the priority is downward. However, the trendline has not been broken. An aggressive entry can be as the price breaks down the dynamic trendlne. A more conservative one is to wait for a retest, as 0.924 experienced many false breakouts in the past months.
The most straightforward target would be 0.92, for a trade that has approximately a 2x-3.5x Risk Reward ratio according to the chart.
EURCZKHello Traders, one of the few currency pairs not ranging within a channel at the moment is EURCZK.
We are currently below a dynamic trendline holding since February, in a steep bearish movement for EUR since the upper resistance was hit at the end of October. The retest already took place, and we think the two targets for the following days/weeks are 26.00 (a more conservative one), corresponding to the lower part of the Fibonacci retracement, and the more aggressive one at 25.56 , respectively.
GOLD - WEEKLY UPDATE 1 NOVHello traders, gold is experiencing the same situation as the SPX index in the related idea in the link below. As we can see, the correlation between Gold and US Equities has been high during the last month, showing a coefficient above 60%. This relation is even higher on a weekly timeframe, where the coefficient.
Despite the graphical patterns being different, the conclusions are similar. Gold is below the 100MA and seems to be about to break out a bearish triangle pattern. Should this happen, the first target would be 1829, coinciding with the lower part of the Fibonacci retracement, and the second one would be 1788.
A positive breakout of the triangle instead would lead to the 1928 to be tested and a continuation of the uptrend after a retest. However, this is a less likely scenario at the moment, and would be anticipated by a close above the 100MA in case.
Wating for a daily close outside the triangle, the trading range to exploit is 1860-1900.
SP500 WEEKLY UPDATEDear traders, the SPX recently broke the ascending trendline and, after retesting it, fell below the 100 moving average that acted as a support twice after the March fall, exactly on the top of the Fibonacci retracement area (yellow box). This is not a random level, as the market precisely set itself on a crucial level waiting for the next week results, before taking a direction.
However, the period ranging from Nov to Dec is statistically a moment.
The upcoming US election and its related uncertainty make us propend for a flat-bearish scenario, at least until the mid of the next week.
The possibility is that the price will fluctuate inside the area 3230-3300 (red box) with traders benefiting from the ranging price. The first of the two levels that will be broken, will indicate the direction of the following move.
