On watch currently USDCAD for potential supply takeout after some rounding with HL has been taking place, still needs at least one more leg to confirm the progression .
On watch currently USDCAD for potential supply takeout after some rounding with HL has been taking place, still needs at least one more leg to confirm the progression . {image}
Ignored
USDCAD long covered. Took one after clearout and second one on supply takeout. Usually structures with 3 or more solid clearouts confirm strong incline of heavy buyers to print the bottom ,or to just push in some size at average price of structure, either case usually ending with price rotating higher.
USDCNH providing a solid chance to buy. Large selloff based most likely again on complete fluff, there will be no scale back on the trade war and likely big over-reaction of markets to the non-news. Will look to scale in longs if any micro M1 setup pops up and hold. Might give it a day or two to settle.
USDZAR on watch for potential supply takeout, bulls setting some ground. Looking for earlier average entry at demand and then proper size on potential supply takeout. USDTRY also correlated setup, either of those could bake.
USDZAR on watch for potential supply takeout, bulls setting some ground. Looking for earlier average entry at demand and then proper size on potential supply takeout. USDTRY also correlated setup, either of those could bake. {image}
Ignored
USDZAR stoped out, takeout on news but swift reversal.
VVPR and PXS two faders today in play both short on backside. Looking for solid crash on both of them, PXS being the shipping sector one where shippers are all in correction today bellow, and VVPR is low floater with heavy selloffs per usual basis.
(binned per thread starter's request) Market bottom rotation trad
