-Congratulations everyone who made money with me. We now plot our next move as price has reached our anticipated weekly resistance. -As we all know trading can get very boring at times. And i feel that the thrill has ended and we are about to jump into quite a boring phase for a while. -If you have been trading for some time, you have probably seen enough of...
The Market Price Action Algorithm has presented us with a potential long opportunity at London Session Rollover. Depending on how price reacts at this level, I may place a buy trade. I'm expecting this area to be approached close to London session. If I start to see exhaustion of selling energy and nice wicks to the downside in this area, I will be entering the...
Technical & Trade View GBPUSD Bias: Bullish Above Bearish below 1.1950 1.2050 Target Achieved, New Pattern Emerging Technicals Primary support is 1.1950 Primary upside objective 1.22 Next pattern confirmation, acceptance above 1.21 Failure below 1.19 opens a test of 1.1770 20 Day VWAP bullish, 5 Day VWAP bullish Today’s New York Cut Option Expiries: 1.1840...
CABLE IDEA This long idea is based on the 1H timeframe What are your thoughts about this idea!
GBPUSD 4H An intraday outlook for Monday. On the Daily and Weekly TF, the momentum is still bearish. On 4H, the price is currently in the premium zone for sellers and it is in an ABC corrective stage. It is currently at a 50% retracement of the recent bullish impulse. If this failed engulfing area coupled with 50% retracement area holds, we would look for possible...
- We can see on the charts price rised with impulsive movement after reaching 1.0400 demand zone. - Price started to make a consolidation then rised with a big bullish move (second impulse bullish move). - We can observe a break of structure after the second bullish movement. - Price may drop to 1.0800 demand zone to make a liquidity grab and then we may have a...
This is something I want to try out. "Standard Deviation" which was presented in Mentorship. There is a probability price will go down to FVG which i mention yesterday. But also price might go up to take D time frame swing high. Let's see.
In this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
Use appropriate risk and trade management. Split risk accordingly.
GBPUSD trade setup for today 23 sep 2022. if 1.1211 support holds then will be looking to go long. and if it breaks we will be looking for more down side. always wait for candle close at each of the marked out price points before placing your trades
In this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
Identified Pattern : - Falling Wedges ( Potential ) Key Level Area : Support : a) 1.14 - 1.16 ( Buyer Zone ) b) 1.226 ( Equilibrium Prices ) c) 1.265 ( Falling Wedges Projection Price ) 1.278 ( Fibonacci Extend 1.618) d) 1.348 ( Weekly Support Become Resistance ) 1.364 ( Fibonacci Extend 2.618 ) e) 1.425 ( Strong Resistance ) 1.45 ( Fibonacci Extend 3.618)
*not financial advice* - 15m chart - 2 sell positions - Targets Defined - Good luck
Shorting cable at 1.22419 with the following set up in mind: TP: 1.21259 SL: 1.22685
Below is our Long cable prediction and risk parameters: 📈GBPUSD Buy Now 1.19100 ✅TP1: 1.19600 ✅TP2: 1.20100 ❌SL: 1.18100
GBPUSD H1 This is what the next entry would look like if we were to trade from that 1.26 whole number, we have seen a pullback to 1.26200 which ties in with previous R/S. But that whole number is typically the play we want to catch. It makes more sense based on fibs, whole number, S/R and demand.
GBPUSD BUY: 1.35700 TP: 1.36800 SL: 1.35150 Buying Cable on the break out of the channel on the 4H chart, supported by general fundamental strength for pound sterling. Being careful on the downside and keeping our SL quite tight on this one, it could be a false breakout down, so not too tight.
Let's get that retracement in the 2nd quarter for that higher run. Euro has been taking a beating since last year post Covid, Brexit.... News is just the excuse to move the market