EURUSD- Long Opportunity On The Reversal of Ascending Triangle!!-Very decent long opportunity on the reversal on top of the ascending triangle.
-There is a confluence as the resistance of the triangle is in line with my supple zone.
-Another confluence is that the supply zone is in line with my 23.6 fib level which could indicate that price could potentially reversal from that zone.
-An extra confluence is the EMA as it is below price which indicates medium term bullish trend for this pair.
-I will wait until price reaches the significant level and look for strong bullish confirmation to enter the trade.
Sniperentry
USDCAD- Descending Triangle Breakout and Enter At Reversal!- Very good opportunity to go for a short position on this pair at the reversal of the supply zone.
-Another confluences is the EMA is above price which shows bearish trend of the pair.
-Wait for a strong bearish candle at the supply zone and enter the trade.
Let's see what happens during the week!
EURUSD- Bearish Reversal on 23.6% Fib Level-Very good opportunity to enter a short position on the retest of the supply zone which is in confluence with the 23.6% fib level.
-Another confluence is the EMA's which show bearish signals as price is below both EMA's.
-Top down analysis from the weekly and daily show bearish signals which gives me confidence the bears are in control of this pair.
NZDCAD- Bearish Momentum On The Reversal Of The Supply Zone!-Very good opportunity to sell at the supply zone which is in confluences with the 38.2% level.
-The Ema is above price suggests Medium term bearish momentum on the pair.
-Price previously broke the ascending channel which is also another indication that price could retest the supply zone and then we could start to see bearish momentum for this pair.
Wait for price to reach the zone and look for bearish candlestick formation to enter this pair.
usdjpy market overviewThe liquidity pool that was created at around 107.4 mark finally got cleared and we can see a quick bullish move back to the key structure level. Retailer would be looking to sell at this zone but institutionalist on the other hand would be looking for buy entries. I still see price going to the supply zone (green zone) before the final sell.
EURCAD Short ideaWe have a Sell limit placed at our entry 1 point, but we do have 2 possible entries, just make sure you use correct risk managment. We expect price to head up to our entry 1 point and then head down to take out them equal lows (Marked "Liquidity")
where price could keep pushing down or reverse.
AN Long IdeaOn the monthly time frame we can see the Orange line (Retial Support) has been respected more than 3 times. Price has broken through this support level to take out retial trader that entered Long posoitons at the support area. We could see price head back down to the sniper zone (Marked in purple) to take out any eary retial long traders and then head up in the inteded direction.
EJ LongWe have this retail support zone where price broke through previously. We have this retail head and shoulders pattern forming on the lower time frames which retail traders will be watching. Price should come down towards to he sniper block (Marked in pink) and then in the intended direction. This will be grabbing retail liquidity so the institutions can get in at better price.