TraderDaddyOG

04:38

TraderDaddyOG

For all watching, I kept this video very short and straight to the point to show longer term opportunities for the pair and overall objective of where market may want to go. In order to create your own trade bias, further confluence and analysis is needed. TL;DR (or watch) - I see some signal opportunities in the near-term outlook of EUR/CHF as to the downside we...

TraderDaddyOG

GBP/AUD – 9.20.23 Quick overview our current setup: In our current HTF uptrend, we have just mitigated a HTF demand zone. On the lower time frame, we formed a double bottom and are approaching a minor CHoCH. Once this CHoCH breaks, we will look to enter a long position on a mitigation of our LTF demand zone. This will get us in the trade for a potential BOS. -...

TraderDaddyOG

AUD/JPY – 9/20/23 As always, I initially begin my analysis process by noting any key economic events taking place for the pair within the coming days. This information could be key to understanding the movement of the charts on a deeper level. - In the pair we’re analyzing today, we’ll see that we’re approaching a strong area of resistance that has failed...

TraderDaddyOG Updated 

We are currently in a LTF pullback within a higher time frame downtrend. This trade idea initially formulated with the expectation of liquidity zones being mitigated and is now pulling what it needs from the upper bands to create what should be a large reversal to the downside. This pullback point is hitting multiple major confluence points of resistance which...

TraderDaddyOG Updated 

Time Frame: - Daily/Weekly Analysis - 1HR/2HR Execution - 30Min Confirmation Trend: HTF Downtrend after HTF pullback to 70.70% Fib Weekly = Downtrend Daily = Downtrend 1. We are observing the continuation of a downtrend after a large retrace took us to the 70.70% Fibonacci. 2. We then continued our descent within a strict downward trend line (5 bounces off...

TraderDaddyOG

Current Picture: We are in a sustained HTF downtrend with price bouncing strongly off the monthly 61.8 retracement level pulling back On both the Weekly and Daily TF we are approaching the break of a major CHoCH as it attempts to break the former swing higher low and reverse from its current uptrend. Analysis and Prediction: If we create a major CHoCH with...

TraderDaddyOG Updated 

Time Frame: - 4HR analysis - 15min Confirmation for Entry As mentioned in my previous post titled “Clear Head and Shoulders Long or Short term play”, we were waiting for an entry signal into our H&S trade. This signal could come in many ways but in my strategy, once a larger time frame (2Hr-1day) supply zone is hit, I then turn to the lower time frame and wait...

TraderDaddyOG

As I mentioned in my setups last week, we broke out of a HTF triangle to the downside. We are currently in an uptrend pullback but are at 2 key retrace levels on the fib from recent swing high and low that we can target as scalp trades prior to taking our longer term short trade. Since we just broke out of a strong downtrend trend line to the upside, we expect an...

TraderDaddyOG

Happy Sunday and Labor Day Weekend for those celebrating! However, the FourX market never goes on holiday. Updated outlook and analysis on USD/CAD - we have some very interesting confluence at important levels to determine the controlling trend. We are currently in a daily pullback (uptrend) within a HTF downtrend with signs of either: 1. Reversal from LTF...

08:33

TraderDaddyOG

Over the past few days i've posted a few trade ideas and setups specifically in regard to the USD/CAD pair. In this video I walk you through my thought process for the overall future of the pair in addition to a breakdown of the trades I took (2/3 have hit their take profit so far) and my setup for taking them. This is my first analysis video so I apologize if...

TraderDaddyOG Updated 

On the 1 hour chart, after a HTF double top and subsequent CHoCH, we identified the Supply zone which was hit and that led to a bearish Break of Structure (BOS). We now have an opportunity to enter a short position once price reaches the Supply Zone created by the most recent BOS. We will only take this trade if price reaches our supply zone with low volume – any...

TraderDaddyOG Updated 

After a minor CHoCH on the 5/15 min charts, I will be taking a quick long scalp toward the HTF CHoCH Supply Zone that I mentioned in my previous post. This 2.5 R:R will lead to my larger short-side trade when supply zone hits Stop Loss: Below demand zone (created by CHoCH) Take Profit: HTF Supply Zone

TraderDaddyOG

Time Frame: Weekly/Daily – Analysis & Levels 1 HR – Confirmation 1 HR/30 Min - Execution Trend: LTF Pullback within HTF downtrend. Resistance and bounce at 50% retracement on fib. - HTF (Daily) = Downtrend - LTF (1 Hour) = Uptrend This trade has a lot of confluence for us to have a pretty sizable move to the downside. 1. We have a symmetrical triangle...

TraderDaddyOG Updated 

Broke through the 61.8% fib on the retracement - Potential for a bounce off this 61.8% and long trade to the upside. Expect some resistance at the 1.2727 level (known Supply/resistance zone). Take first profit here. But a low volume resistance and break through can bring us further up

TraderDaddyOG

Time Frame: - Weekly & Daily for analysis - 4 Hour for execution Trend: Currently in a LTF uptrend (pullback) within a HTF downtrend - Weekly = Down - Daily = Up My hypothesis for this pair (orange price prediction) is for this daily pullback to continue in order to sweep further liquidity from the larger (green) trend that had been in control since mid-2021...

TraderDaddyOG

Reasons for this trade (Step by Step): 1. On the daily time frame we broke out of a strong uptrend and trend line which had 5 bounces of support and 3 points of resistance. 2. After breaking out, we immediately mitigated our HTF supply zone which gave us enough liquidity and downside momentum for bearish Change in Character (CHoCH). 3. We then found the CHoCH...