This is a textbook pre-London setup.
During the Asian session we often see (especially in Yen pairs) moves that set up for the London session. What this does is provides us with liquidity of retail trader stops that we can take advantage of.
This was a simple 0.7 R trade that I was in and out of within 45 minutes.
It amazes me that traders still put their stops...
Clear and Simple!
The price is currently trapped between these two trend lines and has the potential to move lower towards an importan psychological level, 15.00. We will be waiting for a breakout of the ascending trendline to enter this trade.
Always keep in mind it is a game of probabilities!
Good Day Traders, I hope all is well.
These are my thoughts for GBP/CAD.
After a strong and lengthy downtrend price has begun to exhaust and has found a strong level of support. The market is creating a series of downside wick rejections on the 1hr and 4hr timeframe , indicating strong buy pressure.
Stop trying to always being right. I myself have lost...
Allow me to share my thoughts on GBP/JPY.
Price is now at a strong level of support (on the 4hr timeframe). If price doesnt break this level immediantly and find a new low , i expect the markets to start pushing up again. Its been a slow week so far , but grateful for the lessons.
"Less is more"
Good Day Traders , I Hope All Is Well.
Reasons for taking this trade.
1) Stong Bullish Engulfing Candle on 15min timeframe indicating buy power
2) Break , retest , break pattern. ( Resistance becomes support)
3) Weekly momentum is still bullish
Whenever price breaks from a key level - it will almost always retest this level before continuing with the trend....
Good Morning Traders. I hope everyone has had a great week so far.
These are my thoughts for GBP/USD.
After a strong push to the upside momentum is finally starting to exhaust. I expect price to correct before continuing on an uptrend.
Reasons for trade:
- Strong wick rejection on 1hr indicating sell pressure.
- Price over brought
Trade one pair at a time....
Grand Rising Traders. Thank God Its Monday! Who else is ready to destroy the markets this week?
These are my thoughts for GBP/JPY
- After a strong push to the upside , momentum is finally slowing down indicating sell pressure.
- Higher lower formed , breaking bullish structure.
However i still feel that there is a lot of buy pressure in the market, so be careful....
GBPAUD with a target of 50% of the contraction. GBP has gained momentum since yesterday and the trade already has a breakout!!!
The details of my entry are in the #trade-alerts channel and im already riding some profit.
We have GBPJPY buy, as per the alert.
EURAUD sell as per the alert
And Now WTI buy,...
I've got 3 active trades this morning... WTI BUY, SP500 BUY and GBPUSD SELL
this video explains everything you need to know about my trades right now.
Have a happy month of march and I wish you success
We see price re-testing previous market structure (resistances), a potential sell opportunity to the downside. Sell if price breaks through the upwards trendline.
Enter to sell at 1.27933
HOWEVER, if price break through resistance 1.28032 then we are seeing a continuation to the upside
Enter to Buy 1.28065