Please refer to my monthly analysis for Cable as this is an extension of my weekly and partial intra-day projection.
In regards to the daily timeframe, I expect minor relief rallies with the bearish order block being my last line of defence. In fact, it would be a perfect area to capitalise on shorts with a tight stop. 1.23623 weekly order block next in line.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
Trade closed: target reached
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First weekly order block @ 1.23623 has been booked Short term retracement next week would be illogial to rule out
Trade closed: target reached
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1.23035 macro target has been met. Over 600 pips booked!