Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Identified an opportunity during London Session.
Price was looking to take out an old high
Identified the legs of an ABC structure
As it did we looked for a creation of structure before the liquidity grab
Moved to 15 Min
After the Liquidity grab, we looked for price to break past the creation of structure for a market structure shift MSS or CHoCH
Moved to 5 Min...
Hey Guys!
There was actually a new weekly short trade that formed this week, so the weekly bias remains long however, the target has changed to 1.3750. Moreover the Entry level at 1.3313 and the Stop loss at 1.3163 does not change.
Furthermore, we got some waning of short term short strength with the Break Out of a downward 1H trendline and no immediate break...
Depending on if we get another rejection from the area of 1.34100 I will be looking at buy trades once again. This area could continue a 4 hr uptrend for a bigger retracement or be an area where price breaks and continues its sell off, I will be patient Monday but watching these areas carefully. Hope everyone has an awesome week and wish everyone luck!
Apologies for the mic sound quality, my daughter messed with my dials lol... Idea for next moves on GBPUSD which will also correlate with long positions on EURUSD as well. Make sure you do your own analysis also, remember this is to my structure and plan so it may not line up with the way you trade. Make sure your always minimizing risk for the great reward......
The PoundDollar is resuming its uptrend after a correction.
The price has behaved as expected stopping at the 50% retracement.
15 Mins Price Behaviour: Consolidation and Breakout at 50% retracement level.
We have seen the first impulse and a pause. This pause is an opportunity to Buy into the uptrend.
Stop Loss is still recommended to be the Low of Yesterday. We...
