OnyxTradeHouse

OnyxTradeHouse

- From left to right, we have price creating a weeks worth of liquidity that price spiked down to acquire and returned to the upside. - Upon returning to the upside price created a double bottom formation to potentially entice buyers into positions. - However, price is respecting the 84.060 region and so my bias is that price is being magnitised towards the...

OnyxTradeHouse

- Confluences for this trade are the following: we had price creating EQH's and then return sharply to the downside meaning those who sold the double top formation were in profit and upon retracement, retail traders probably sought sell opportunity. - Now price has returned to the same level of the EQH's to create a triple top essentially and is just sitting there...

OnyxTradeHouse

- Essentially EC has a long retracement to make and the market is in a severely over sold condition. - So I believe these EQL's being spiked and price reversing to the upside sharply is sign of a sponsorship candle I believe price would return to so the level can be satisfied. - There is also a divergence is price, current price action's trend doesn't correlate...

OnyxTradeHouse

- Simple trade whereby price previously took out a week's worth of EQH's and so liquidity and then reversed with high momentum to the upside suggesting a possible IC region price would like to come back to satisfy. - Further confluence would be the double bottom formation on the lower timeframe creating a pool of liquidity below price and so a possible spike down...

OnyxTradeHouse

We had a sharp impulse downwards towards our IC level where we satisfied the region and now I am looking for long opportunities to ride this to 0.86000. With a 30 pip risk and a potential 325 pip reward we have a 1:10 r/r.

OnyxTradeHouse

On the weekly timeframe, we can see the weekly IC level had attacked the previous high made in April. This gives me a reason to believe there was some sort of manipulation play and therefore the price may magnetize towards this region to satisfy that IC level. However, price may ignore that level for now as there is another set-up playing out in the 4HR timeframe...

OnyxTradeHouse

We have an IC point at the top of the swing right above an Imbalance in the market where I would like to see price close the gap in the market which is highly anticipated. A move upwards to 111.960 (our O.P.E) will mean a move into the 978-886 fib region which is a region of high reversal. This set-up may work or we could potentially see price drive higher to our...

OnyxTradeHouse Updated 

USDCAD short position now activated as our daily IC region was satisfied. I now await CAD weakness to allow price to dive and created a retracement of the bullish impulse it has been creating for the past few weeks.

OnyxTradeHouse

We have two EQH's that formed below our IC region. I'd like to see price spike upwards 60 pips taking out the liquidity of both the EQH's and also taking out the sellers of the accumulation playing out on the 15min TF. I will look to execute this trade noon tomorrow at the start of the New York session with all the medium-impact USD. With a 30 pip risk and 250 pip...

OnyxTradeHouse

A potential Wyckoff Accumulation Schematic playing out on EURJPY on the lower timeframe as we anticipate the bullish breakout.

OnyxTradeHouse

🔔 EURNZD Speaking from a weekly perspective I am overall bullish for EURNZD as we have a 900 pip retracement to fulfill for the previous bearish impulse. Price has created three distinctive higher lows and I would like to see this move Euro strength push this pair to the upside. In the meantime, there is a smaller set-up playing out in the lower timeframe, and...

OnyxTradeHouse

🔔 EURGBP We have a long opportunity presenting itself on EURGBP with an imbalance in price at 0.84310 and an SC level right below it; I would like to see price magnetize towards this region and close the gap. An additional confluence of our level being at the 0.71 fib level gives me more confidence in the set-up. We have high-impact GBP news releasing on...

OnyxTradeHouse

🔔 EURJPY This is a similar trade set up to EURCHF; we have price reach into our IB level to balance out the market and take in order from buyers. Now that the IB is closed we see price rejecting the downside suggesting potential shift upwards from the market enticing investors. However, we have the 50% of our SC level which has not been satisfied yet so I would...

OnyxTradeHouse

🔔 EURCHF UPDATED POSITION EURCHF has reached our weekly SC region and I am now looking for long opportunities. I would like price to spike up to 1.07610 and take out the seller's liquidity and return to around 1.06850 to add to the long position which is at the 786 fib level for extra confluence. Seeing as we have medium-impact Euro news release to the end of...

OnyxTradeHouse

We have a long position trade set-up for CADCHF. We have been down-trending for around 250 pips and we need to start seeing some retracement to the upside. We recently broke out of an accumulation zone and we are 30 pips away from our SC level where I am looking for bullish impulses. With a 30 pip risk and a potential 230 - 400 pip reward, we're looking at a 1:10 r/r.

OnyxTradeHouse Updated 

With all the Euro and GBP news releases this week, this set-up looks all the more promising. We have EQH's and EQL's forming to produce liquidity above our SC level which is major confluence. We have a 35 pip risk and 600 pip reward to previous highs giving us a 1:17 r/r.

OnyxTradeHouse

Long position on AUDCAD lining up to start the week, we have a nice rejection off of the 786 fib level but I am hoping for a 30 pip spike down clear the liquidity below and reach our SC level. With a 30 pip risk and a 138 pip potential reward, we have a 1:4 r/r.

OnyxTradeHouse

🔔 AUDNZD We this AUDNZD set-up playing out now. We broke out of the accumulation zone to reach the SC level to take out the liquidity resting below the EQL's. On the higher timeframe, we have a higher low of the uptrend being created and we are targeting the SC levels at the top of the impulse at around 1.08220. With a 30 pip risk and a potential 500 pip reward,...