0.6581.5
10000.010000.0
Total Profits:
$0.00
Open Trade
AUDCADShort Forex
hassan6

Entry comments: With a move past previous days highs to the high of 22/10 would reach ADR, entice breakout traders long and exhaust the juice to go up further. A high probability trade with the chance of happening. Goes against CAD correleation, but a 30 pip further move up from current prices as at London open is needed to achieve this which can be done.

000
Open Trade
NZDUSDShort Forex
hassan6

Entry comments: Intraday ADR reversal past the highs of 23/24//10 at .65800. With trapped liquidity of 26/10 having big destroyed, this move here is the ideal reversal. As of 09:00 though, price has exhausted at previous days highs at 0.65545 - price could reverse off these but that's not my play.

000
hassan6

Entry comments: As of 16:00 (7 pm for me as new XM time is 3hrs behind my time (day light savings now)), price shot through initial LOD at 1.28220, not reaching 1.27962 though, the low of 25/10. The supply zone at 1.2800 is a good price point for price to move off, any lower and the trapped liquidity has a chance of being freed. Past 1.27762 is where the trade becomes invalid. Waiting on bars at this supply zone to take an entry today, if not today, then tomorrow.

000
Open Trade
AUDCADShort Forex
hassan6

Entry comments: The move of 19/10 making me see the risk on this short being great is a stophunt, off which prices moved rapidly. Max risk is .93540 or .93470 - if not lower with due to ADR is being reached at both these levels. With regards to the continuation up after liq. already being trapped on 24/10, did price ever accumulate to release enough to move up that much? The HH/HL trap is what I can see atm, to reverse the market. Then accumulation to come up later is another story.

000
Open Trade
AUDCADShort Forex
hassan6

Entry comments: With price not being at its high or not being post an exponential move, it can move with volatility to both sides so the risk is much greater. That's where the unconfidence on EURCAD comes from also. After the liq. trapped on 24/10, prices could continue to move up, but the share has been made by hitting the stops of any shorts already. This wouldn't line up with USDCAD's trap move of the 26/10 either. Break of .92912 could see prices down. Not enough juice to take prices higher?

000
Open Trade
AUDCADShort Forex
hassan6

Entry comments: The move of 19/10 making me see the risk on this short being great is a stophunt, off which prices moved rapidly. Max risk is .93540 or .93470 - if not lower with due to ADR is being reached at both these levels. With regards to the continuation up after liq. already being trapped on 24/10, did price ever accumulate to release enough to move up that much? The HH/HL trap is what I can see atm, to reverse the market. Then accumulation to come up later is another story.

000
Open Trade
EURCADShort Forex
hassan6

Entry comments: 200 MA resistance on H1 at 1.49670 + 800 MA resistance on 15M at the same level + the ascending wedge break and a short down would be ideal. Observe p.a diligently at 1.49670, ideally aggressive break, and reversal. As of 11:15 the high of prev. day hasn't been closed above. For the ideal trap move, price makes it past all this R to 1.5000, for the bearish move to trap. Reversing after a close above 1.49540 could also result in a short, observe p.a. Enough money already trapped?

000
Open Trade
USDCADShort Forex
hassan6

Entry comments: Enticing buys into the market with the move of 25/26 up to NY, and reversing (the play on FRIDAY) to trap liquidity, a move to the high back at 1.31585 is unlikely. 1.31300 would be a good short as a break past the channel and a bearish move down. With price having 20-30 pips of ground on GBPUSD to drop and same with EURUSD, this area would be the ideal short. All 3 of these pairs are continuation plays today. Limit orders.

000
hassan6

Entry comments: Price moved 85 pips off the low of 1.13350, leaving enough liq. trapped below the low of 1.13554. Same upside bias as Friday, now price has got to clear this liquidity by a move out in a new trend. 1.13553 being a D wick + 800 MA Son D. Stoch. have crossed and are buried on both EUR and GBPUSD. 1.1300 is an extreme price point, reaching that with an exponential move is unlikely. Price could move low range today. Ideally moves of 1.13855 in NY or 1.13553 NY, ideally. Watch bars and time at both

000
hassan6

Entry comments: 1.2822 - LOD - price could move off of if it fails to make it to Daily wick at 1.27962. No other proper support level besides 1.27762 - which I'm expecting price to not reach if traders are properly trapped there. Price broke the extreme point of 1.27842 to then reverse off it on Friday, which is ideal for trapped liq. below that level. There could be an exponential move today, and an extreme point of 1.266 is a possibility, but that is unlikely. Still long bias exactly as Friday's.

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