- 2 potential setups outlined (only entering if there is significant price action confirmation on the lower time frames) - Using appropriate risk management as always - Patience here is key
As per plotting of the weekly in Advanced Get - we will update these ideas with daily plots. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and...
As per plotting of the monthly in Advanced Get - we will update these ideas with weekly & daily plots. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit...
gaining bottom feeder attention in social media trading sentiment company has long history, thousands of bagholders create downward price pressure upside is strong name recognition, and government subsidy & too big to fail dynamics major catalyst needed to reverse the multi year bearish price cycle
The $GBPJPY has been on an absolute tear lately & because of that there's a massive bullish continuation association with the pair. Being a contrarian (as most traders are) whenever I see & hear this sort of talk I automatically start looking for shorts. If we venture up to the weekly timeframe you'll notice that we have once again retested the 2016 BREXIT...
The concept of a the basing formation compared to that of positional warfare, is rather interesting as we were essentially tracking a cone of volatility. This subtle break has done significant technical damage (i.e. attack on late sellers and correct use of support), and will often be rewarded with complete liberation. Here it would also be worth thinking...
GBPUSD pays a little heed to the price-negative catalysts during early Monday. In doing so, the cable ignores confirmation of a four-week delay in the UK’s unlock as well as an anticipated bumpy road for the next round of Brexit talks as EU policymakers pushed Britain to respect previously agreed deal over the Northern Ireland (NI) protocol. The corrective...
Once daily up-trend is broker, will be scaling up after each liquidity zone violation.
4hr timeframe says it all here. Just look at that mess. No one should be touching it within this zone. What is interesting, check out the volume spike when price most recently touched the resistance. To me, that would suggest we've more chance of breaking bearish than bullish. 4hr close either way and we're in with targets identified - watching for a potential...
Trade Analysis based on price Action. With risk management you will never loss. thank you
GBPNZD H4 GBP pairs have stormed since the EUR and LON open, GBPJPY starting to bounce from 150.000 too. GBP zones so far seem to be holding well in general too. Looking for a second support entry before getting involved, the rallies were too fast for our liking so early on in the week.
Short EURO / Long GBP as team GB starts to benefit from a positive post Brexit narrative. Eur sentiment soured with mishandling of Northern Ireland border and proposed vaccine restrictions. A Sign of things to come? Meanwhile, relative to Europe and America, GB leads the way in vaccination programs and efficacy is starting to show in the data. Trans Pacific Trade...
One of my favourite patterns, the falling wedge. Pretty clear support and resistance as fundamentals offering a muddy picture in regards to both currencies and especially together given the standoffs post Brexit over lots of matters. Break either way easy trade
Simple Order block and imbalance tests. Come back for liquidity before the real move down. Not much more than that to report at the end of the week. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have...
Waiting for the larger micro support to break and price to close in to our range in order to go retest the larger support found the larger timeframes.
GBPUSD Reached and rejected a monthly resistance. Because GU is still in a strong uptrend I am on the lookout for a buy set up. The Rsi shows me that this pair might have reached the bottom of its Higher Low. Once GU breaks out around the area of 1.39700 I will wait and see if it comes back to retest the area of this level and enter a buy to hold. High R:R