We may have missed the ideal entry point on this one so we shouldn't really go around chasing tails. If the price comes up slightly I will consider placing a sell limit in attempts of getting a wick entry from the lower time frame order block. We will have to see how the price develops on Monday, wishing you all a great trading week!
COT Data - 70% Long
We managed to pull off an amazing stunt last week with that lovely wick entry on GJ, we are now looking for more potential buying opportunities. I have marked out a zone in which I think price will tap into before continuing to the upside, you may want to consider setting some orders at that region if it fits your analysis.
GBP is proving to be very tough to...
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"
This is an update on gold, price went to exactly where we wanted to the bottom level and now we go flying to the moon. Hope everyone was able to get some pips on the way down if not then theres plenty of more pips on the upside. :)
The first time I've actually looked at Oil but let's see how this goes, as the structure corresponds with fib levels it would be interesting to enter a short indicated by the first green line, a long wick candlestick previously reached this region before a reversal, if Oil can break below I think there is potential to hit the following green lines. Market...