Hopefully it reaches that highlighted demand zone soon enough. It may provide some great long opportunities.
D.B
Trading Institutional Order Flow
Last post for tonight, this is not a trade recommendation. I notice the possible short trade form the 15M supply nested within the Hourly after the price changed the momentum on the 15m TF. I set the trade as per the below screenshot.
4H - Downtrend
1H - Downtrend
15M - looks like the sellers are stepping in now.
Also GBP seems to be strong across the board now.
SL is quite high above the 1H zone, I got like 4.2 spread now showing on my broker.
EURGBP - 4H and 1H
1H and 15M
4H - Downtrend
1H - Downtrend
15M - looks like the sellers are stepping in now.
Also GBP seems to be strong across the board now.
SL is quite high above the 1H zone, I got like 4.2 spread now showing on my broker.
EURGBP - 4H and 1H
1H and 15M
- #8,532
- Jun 10, 2020 3:22am Jun 10, 2020 3:22am
Hi guys, my thoughts on CAD/CHF 1. Price hit Daily Supply -> Short {quote} 2. On the 4H Timeframe, Loss of Upside Momentum is happening -> Confirmation Entry. {quote} And please correct me if I'm wrong, thanks{image} {image}
CAD/CHF
Hi all, I am getting ready to trade the London session.
These are my sentiments on AUD/USD right now.
My timeframes : 4Hr -> 1Hr -> 15mins
Here you can see price in an uptrend and price is sitting at a 4-Hour demand zone which was previously tested shallowly before. This zone has:
1) Removed a supply zone to the left and
2) Created a higher high.
On the 1-Hour Chart I have highlighted an embedded demand zone within the higher timeframe 4-Hour demand zone.
I've also drawn out a trend line to assess the current trend of the market.
I switch to my 15-mins entry time frame to look for confirmation entries and wait for a trendline break / removal of opposing supply.
I've traced out the high's and low's of the market to properly draw a trendline.
After this I score all my zones to make sure they are up to standard.
I will share how the trade goes if it does happen.
Thoughts are welcomed.
D.B
These are my sentiments on AUD/USD right now.
My timeframes : 4Hr -> 1Hr -> 15mins
Here you can see price in an uptrend and price is sitting at a 4-Hour demand zone which was previously tested shallowly before. This zone has:
1) Removed a supply zone to the left and
2) Created a higher high.
On the 1-Hour Chart I have highlighted an embedded demand zone within the higher timeframe 4-Hour demand zone.
I've also drawn out a trend line to assess the current trend of the market.
I switch to my 15-mins entry time frame to look for confirmation entries and wait for a trendline break / removal of opposing supply.
I've traced out the high's and low's of the market to properly draw a trendline.
After this I score all my zones to make sure they are up to standard.
I will share how the trade goes if it does happen.
Thoughts are welcomed.
D.B
{quote} Sorry Teddy67, I'm just noticing this message now. But I'm on a gold trade now, maybe later I would send the MTF analysis for this trade
Update
Tf combination is weekly, daily and 4hr
Weekly
Price is at very high, just bouncing of from weekly supply
Daily
Price has started a downtrend(it took out 1 demand and I can draw a down trend line)
4hr
I sold at that 4hr supply located inside the daily supply.
Took partial profit out at the 4hr demand zone rr 2:1(where price currently at) and I would leave the rest to run.
If any new 4hr supply is formed I would add another sell there as long as price hasn't reached the daily demand below
- #8,540
- Jun 11, 2020 6:52am Jun 11, 2020 6:52am
Seems GU was behaving well today. I spotted a beautiful opportunity, but it was after the fact. Did anyone catch it? No? Yes? {image} {image} What I saw without much analysis was a simple long opportunity from a demand zone in an uptrend D.B
my thoughts on GBP/USD
1. Price hit Daily Supply -> Short
why supply? cz it remove demand.
2. Price hit 4H supply within Daily supply, and not a good idea to go long at 4H Demand against 1D Supply
