DJC

Cable needs to break -OB

FX:GBPUSD   British Pound / U.S. Dollar
53 1 3
We need to break through this -OB ( Bearish Order Block).

I am still stalking two scenarios:

1. Cable will spike up to previous daily -OB, which can be seen on this chart. That level will also be a nice repeating FIB level on the daily charts , before we see much, much bigger downside movement.
2. Cable will descend to where the liquidity is sat for the longs stops. See in this chart

Until these big moves are done, we can continue to day trade based on daily killzones and smaller order blocks.


-djc.
Great analysis ........... I like the naked charts. Could you explain "daily killzones" in a little more detail?? Thanks
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out