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Breakinstructure

EURUSD, Bullish ReversalGood morning ladies & gents, After a period of accumulation, it is highly likely that EURUSD will start a bullish cycle up, this analysis is supported by a multitude of reasons. 1) After a period of accumulation, it's often that we see an inducement out of one side. This is the "Manipulation" phase, whereby they move price to simultaneously neutralise buy-side liquidity & induce sell-side liquidity, allowing the market makers to build in heavy long positions. 2) This area is sat below the 61.8% fib rejection we saw last week, meaning where price is at is an area of sell-side liquidity. 3) The Orderflow on the Monthly - Weekly - Daily are all Bullish. 4) Price has pulled back to the last D1 Bullish Orderblock responsible for dynamic PA. 5) Seasonal Tendencies & Commitment of Traders Data report frames the macro-economic outlook on the Fibre, both of which indicates an appreciation in the Fibre in the next few weeks. All of this, leads me to the conclusion that NFP will drive EURUSD up to take out the monthly highs where the next big level of Buy-Side Liquidity Lies. I anticipate it trading up to 1.24000 which is a level where commerce is often conducted. Macro-economic synthesised with Micro-technical levels is what frames high probability setups that we execute on with precision. Let's see how price delivers & let's see how "random" this market really is. Disclaimer: This is not trading advice, this is merely my idea. All speculations can incur losses. Don't invest more than you're willing to lose. You're trading @ your own risk should you act upon this idea. If so, I'd personally employ no more than 3% risk maximum of the total account size.
Long
by Jiraiya_eth
UJ - Long Opportunity, 1:10 AvailableGood afternoon ladies & gents, A long opportunity has been identified on USDJPY. Despite UJ being in a bullish orderflow on both the Weekly & Monthly chart, the Daily Bullish structure, this means we should be conservative with this position. A bullish reversal appears to be taking place, the buy structure created is clear. I'm looking for price to swing down to this area below, where I'll have a BUY LIMIT in place with the objectives outlined above on the chart. Objective 1: 1 : 3.5 RR Objective 2: 1:8 RR Objective 3: 1:10 RR Scale out of your position along the way, remember to pay yourself. Don't overleverage your positions, if you like and agree with this idea, enter it with a defined risk and do not move your stop loss. Consistency in both execution and risk management will serve you in your route towards profitability.
Long
by Jiraiya_eth
AUDNZD:BULLISH FLAG PATTERN FORMED, WAITING FOR BREAKOUT [4HR]!!Hello Traders, Here we have a valid bullish flag pattern on FX:AUDNZD and now we are just waiting for a breakout to the upside. Flag patterns are also consolidation patterns, just like any other harmonic patterns ( cypher , bat, butterfly , crab , gartley ). This pattern is usually formed after a strong movement in price action. There are 3 main parts to this pattern: the flag pole, flag portion, and the continuation portion. After a strong movement, a buying in this case, the market starts to consolidate and we expect the market to breakout in the direction of the flag pole, in our case to the upside. After getting the breakout, the target is equal to the length of the flag pole, which is 385 pips for this setup. Also a key point to keep in mind is that, the longer the market stays within the consolidation zone (flag portion), the stronger the breakout to the upside will be. The invalidation point for this flag pattern is when we get a break AND close below the bottom falling trend line of the flag portion. Also note that Market has recently broken downward structure and put in a new Higher High (HH) Higher Close. See the chart above for more details. NOTE #1: Partial profits can be taken at the 4hr resistance level of 1.09564 , which is very close to the 127.2% fib extension level (drawn from LL to HH leg). Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter as well: moneymaking2016
Long
by moneymaking
7
GBPUSD: 2618 TRADE SETUP NEAR COMPLETION WITH BREAK IN STRUCTUREHello Traders, Here we have a valid 2618 trade setup on FX:GBPUSD , which is very close to the completion point (61.8% fib retracement level). First of all market was able to break and close below previous support level (previous HL) after putting in higher highs (HH) and higher lows (HL). This first break in structure is an early signal of shift in the short-term upward trend. The best stop placement level for this setup would be above the key psychological round number level of 1.54000 . Placing stops above this level gives us an unfavorable risk to reward ratio, thus we would have to wait for a little deeper retracement beyond the 61.8% fib level, in order to have a favorable risk to reward for this setup. See the chart above for more details. NOTE #1: About 2 weeks ago, I posted my overall view on this pair based on daily time frame. Within my analysis I included a potential reversal zone (PRZ) at which I would be looking only for shorting opportunities and this 2618 trade setup happens to be located right at that PRZ. See the chart after this description or under the related ideas section for more details. Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter as well (username): moneymaking2016 DAILY TREND LINES COULD ACT AS POTENTIAL RESISTANCE:
Short
by moneymaking
4