We seen a lot of Chop this week. Looking like price is ready to turn full on bearish again but we need to wait for a new High to be made first. Might not get another move till the middle of next week. just have to be patient.
Are you in control of the markets or is the markets in control of you.
Key lesson today - Not taking trade is one the best wins as a trader, the ability to prevent a loss is not shone enough of light on and this is what makes a difference between profitability and not.
Have a watch of the summary for today trading session - Dropped some phycological gems.
Looking for signs for price to turn bearish. I'm sure they are using Tues to take out highs for the week. Just need everything to line up within killzone times. for now we sit on our hands and wait for price to tell us more of what it would like to do.
Price has reach a new level where it's possible that level will turn support and more buyers may enter the market. BOS on the weekly time frame happened and we are looking for a retest.
Welcome to our latest update on the GBPUSD currency pair! In this video, we delve deep into the current market conditions, analyzing key trends, and providing insightful forecasts to help you navigate the dynamic foreign exchange landscape.
Join us as we dissect recent price action, examining critical support and resistance levels that are shaping the GBPUSD's...
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** GBPUSD Analysis - Listen to video!
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In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead?
Stay tuned for valuable insights, and feel free to leave any questions in the comment section below.
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The_Architect
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I had mentioned that price is looking like it wants to retrace. Its stalling a bit. Kinda looking like it does not want to make the move so being cautious. but not interested in selling until I see a healthy pullback to solidify a stronger move.
Today we are using the trend scanner to determine which pair we want to trade. the scanner was run on the 15 Mins(Major TF) and the M1(Minor TF). The idea is to trade in the direction of the major TF when the M1 is showing an opposite direction OR the price has been discounted.
We will only trade in the direction of the trend if the trend has not been...
we should get continuing bear pressure after we get a full pull back. Price definitely wanting to go bearish so I will continue to monitor for the solid move down.
In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD , offering insights into the weekly bias , critical areas to monitor, and a long-term perspective.
Stay tuned for ongoing updates throughout the week.
Kind Regards,
The_Architect
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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Overall structure is bearish on Monthly, Weekly, Daily and H4 but price is reaching a support level and we are looking for buy opportunity when it reach support level. We will buy the counter trend until it reaches the last support that was broken on the daily timeframe.
As we come to close out the week Im feeling like the bearish pressure for the week is over. We could possibly get a pull back from this zone before they continue with bearishness next week.
