UnknownUnicorn13181475

UnknownUnicorn13181475 Updated 

Looking to take some of the downside liquidity before coming to a nice zone where we saw price consolidate before tapping in and creating this big bullish move. Thinking we will see this repeat. Plans to enter on a change of character confirmation out of this zone, however possibilities of a downside entry on inverse confirmation may be possible.

UnknownUnicorn13181475

4 Easy confluences. Imbalance filled, two fib levels and the approaching Head and Shoulders reversal pattern.

UnknownUnicorn13181475 Updated 

Looking at a bearish move for GBPJPY. Large wicks above this area and clear resistance candle marked on chart in yellow. Looking for a quick move here as price rejects from this level for a second time. 38.2% fib level also acts as strong rejection which is inside of this level of resistance. Simple S+R with extra confluence.

UnknownUnicorn13181475

Breach of trend and entered on the 4h. TP is set at lower descending trendline.

UnknownUnicorn13181475

Looking for consolidation continuation, heading towards lower end of this range. TP1/TP2 set at key fib levels, TP3 looking for continuation of the descending trendline & break of consolidation. Liquidity above consolidation adds bearish pressure 1800 Psych level above liquidity adds bearish pressure Further liquidity between 1830 & 1810 adds bearish...

UnknownUnicorn13181475

1) Multiple closes below liquidity 2) Conforming to downwards trendline 3) Retest & 1H Wick Rejection of Liquidity Larger SL (34.6 pips) above liquidity. TP placed at previous lows below this area of liquidity.

UnknownUnicorn13181475

Retest 2x BOS Break & Retest of downwards trend Further bearish movement unlikely due to HUGE 1.18 PSYCH LEVEL Because of 1.18 psych, possible reentry if bears take us down to 1.18. Also continuation opportunities.

UnknownUnicorn13181475 Updated 

Strong Area of Liquidity 1H Reversal Doji Overextended From 1H Highs 15m Symmetrical Triangle Breakout Bearish Potential for 150 PIPS following a BoS after TP3 (6R) Looking to trade this area of liquidity and will likely be trading a break & retest of the lower area of liquidity if we see a breakout :)

UnknownUnicorn13181475

- Break of trend, maybe looking to push back down and correct the huge bullish movement from a few months ago. - Retail is NET LONG . This means that the big banks and institutions LOVE to push price down! Just an idea.

UnknownUnicorn13181475

Title says it all. Seeing correction after impulsive bear move.

UnknownUnicorn13181475

3 confluences for this trade - price rejected the upper trendline, sticking to bearish structure plan - price broke bullish trendline with a strong bearish impulse - price is forming a falling wedge This is very similar to a trade I took on GBPCAD/EURCAD recently which was a 300 pip move.

UnknownUnicorn13181475

Support/Resistance Analysis

UnknownUnicorn13181475

Break/retest of this support Huge bearish move through long term bull trendline 10RR Trade, little loss. Can re-enter if stopped out

UnknownUnicorn13181475

A little trade I made earlier. Bearish push after break of structure triggered my sell and an easy +80 pips with little to no drawdown. Easy.

UnknownUnicorn13181475

Confluences for this trade: - 4th test of 1.27 - Price has consolidated below our entry and strongly pushed back up - Price has consolidated above our target and strongly pushed back down. - Forming bullish trendline supports price also

UnknownUnicorn13181475 Updated 

As you can see on the chart we have 3 major confluences. Test and Rejection of 200MA (This shows us that we are in a bearish market right now ) Decreasing Volume We are also in a long term downtrend which shows us that overall this pair is going to go down Once we see a breakout of this rising wedge I would recommend placing a sell order with SL above...

UnknownUnicorn13181475

Looking for bullish or bearish confirmation to fully enter this trade.

UnknownUnicorn13181475

If price rejects the 150.24 key level, we will look to place a market sell. If price rejects breaks 150.24 key level, we will wait for a retest before placing a market buy. If price pushes up and rejects from the 150.87 key level, we will look for a very large bearish movement.