I drew up an area where my bias for this pair is long and then drew an hour orderblock zone to take trades to the upside. I realise that i was unable to execute any trades because of the time i got up but I still drew zones on how i would have planned to take trades which would have led to being in some nice profit of 25 pips at least from a small stop loss of 4...
MY bias in this pair is long I am looking for long entries to eventually break the current market structure as the higher timeframe shows a bullish bias in my opinion these are my areas of interest and i am going to wait until the reach those areas before i enter long on this pair
From the last push down i drew up a fib from the most recent high to the most recent low and got a nice orderblock on the 5 min this time i am fully prepared long in advance while the market is accumulating orders, I see a potential small retracement and then another drop hopefully to a new area of interest making another lower high to maintain current market...
Another entry from a 5 minute orderblock from its broken market structure moving current stops to breakeven and taking partials as it hit my first area of take profit glad I stuck through and didn't change my bias as we were at a weekly orderblock made more returns on my losses through good risk management was worried about my emotions for awhile but with...
Last entry on GBP/USD on a 5 minute orderblock if this one doesn't hold then I am done for the day and resetting my emotions before i overtrade and lose more trades. I'd consider this an opportunity lost if it hits stoploss.
We are currently at a weekly supply level again and are currently testing several lower time frame order blocks namely a small 5 min order block. Looking for a small 5 rr at least from this set up. This also leaves room for a double top formation and can change the overall market structure to bearish and as such we should look for more breaks of the current market...
Entered a sell on the minute orderblock that developed overnight with a 78.6 fib retracement we can see on the minute timeframe it broke some market structure and may be ready to fall. Took a short on it for a potential 1:30rr and sniper entry
The chart shows a clear fake break out from the daily resistance and using price action and patterns along with support/resistance and technical analysis it is either going to go down to the 4hr support and come back up or break the four hour support to hit another 4hr support making the 4 hr support the new resistance....this is purely technical
