Get started

Institutionallevels

🔔 GBPCAD LONG-TERM SHORTOn 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 whereby price is creating a bullish corrective wave that is estimated to lead to the 50% of our IC level which is our Optimal Point of Entry (O.P.E). This is a long-term swing trade so the reward is between 1000-2000 pips.
Short
by OnyxTradeHouse
🔔 USDJPY LONG-TERM SHORT 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 11.850 IC level to satisfy that candle. If this set-up is successful, we would have a 30 pip risk for a potential 860 pip swing to our -0.27 golden profit level; 1:28 risk/reward ratio.
Short
by OnyxTradeHouse
1
🔔 EURNZD 🔔 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 that is these three drive up towards a potential Institutional region where I would look to short price to 1.6700. I have reason to believe that price will be magnetized to the downside in the short term to fill the gap in the imbalance and to satisfy the IC region before making its bullish wave. The short consists of a 30 pip risk and a potential 250 pip reward with a 1:8 r/r; the long consists of a 40 pip risk and a potential 850+ pip reward (long-term swing), with a 1:21 r/r.
by OnyxTradeHouse
🔔 EURCHF UPDATED POSITION🔔 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 the week I will look to enter long positions during the New York session on Thursday. With a 30 pip risk and a potential 280+ pip reward, we have a 1:9 r/r.
Long
by OnyxTradeHouse