D1 Bias: Bullish Plot: Opening Price Asian Range Asian Range Midpoint Liquidity Build Up in form of Equal Highs Sell Side Liquidity Swept Pattern Descending Broadening Channel OB and BB entry points formed.
EURGBP: price was converging in a rising wedge towards the breaker block, after mitigating from this block we got a break of supporting wedge line and change of character to bearish side on local structure, overall trend is bearish. I expect this pair to continue as marked on the chart.
GBPUSD: HTF trend is pushing down, recently price breached the counter-trendline to the downside. 4H we're looking at a harmonic cipher structure that can potentially sway to the downside. I'm expecting this pair to continue pushing downside to at least the marked target on the chart
Hello traders. GBPJPY bullish setup is confirmed. Follow to see why; A previous week's low was formed and the price rallied up to create a breaker block. The breaker block was then retested and a Bullish Orderblock was created in this zone. This indicated that there will be a strong rally to the upside so that the price can fill the previous Liquidity void...
*SMT = Smart Money Theory = everything you think that is not retail related to trading. SMT does not believe in triangles, wedges, tendlines, channels, harmonics, etc. First is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The second thing to remember is price will move toward Liquidity and...
We have just closed a Monster long position in EUR/USD with a RR Achieved of 1:29. We have banked + 29% ROI since 4th July 2020. Using strict risk methodology of -1%. We have 10% left running on our long EUR/USD with our stops adjusted, locking in positive R Also. __ This trade was a combination of Wyckoff methodology, Price Inefficiency and Order Blocks....