DJC

Cable needs to break -OB

FX:GBPUSD   British Pound/U.S. Dollar
49 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.

Related Ideas

John_Woolnough
a year ago
Great analysis ........... I like the naked charts. Could you explain "daily killzones" in a little more detail?? Thanks
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out