Here is a short idea on LTF after the volatile opening on sunday night/ monday morning. Position was created using SMC Supply and Demand, with premium and discount ideas. We saw a Change of Characteristic and BOS from this zone, making it a POI for us.
As you can see, my two charts are USDX and BTCUSD. Using the monthly timeframe we can see a resistance level on USDX which has been respected twice. Price is coming up to this zone very soon, and on HTF, USDX is overbought using Stochastic RSI . BTCUSD has been respecting this upwards trend line since around July 2020, becoming more volatile in recent years. As...
This post is to talk about starting your trading journey and trading the Asian session. To many of us, the Asian session could be called the least active and least volatile market. This is proven above, Asian sessions are green, LN and NY sessions are red. When I started trading and to this day, I have learnt that I take my losses in the Asian session most of the...
I've been shorting UJ on lower time frames due to support and resistance between 127.73 and 128.695 respectively, using supply zones. Usually on 15 and 5 min TF for an intra-day strategy. I moved onto the 1 hour as I wanted to see the general market structure and what to expect to see. I have marked out several structures which can be recognised in Wyckoff...
Potential EU Continuation entry on EU . Supply was created on the 15 min TF at the BOS to the downside, and has since been refined to the 5 min TF. Dependent of how markets are affected by the French Presidential Election on Sunday. Potential for a 10RR. We had a BOS and Break of Support at 1.07829. Watching for markets to continue this strong downtrend for the...