Checking on what options this pair could move after last weeks push up - potential correction or a continuation right up to Daily Supply?
-techniclly if you're following my previous Idea, we're still not out. I'm just making another setup for anyone who didn't catch my earlier I dea, better setup too. Will type more, just want to get the idea out there that this should be going long and check my linked idea for previous info. I'll complete all of this in 15
***Smart Money vocabulary used so if you are not familiar with Smart Money Technique and you must understand that there is no Supply and Demand, the chart is controlled by an algorithm. Period. If you do not believe that or have an open mind into believing that, you will have a hard time understanding Smart Money Technique. This is what the Big guys with the money...
This pair made a decent push up on Friday and it's possible that it will continue in the short term? However I have my areas marked out and will trade in the direction of the market flow depending on when the markets shows it's hand. I'd like to see a short term correction and then a move up which will then complete the Higher Timeframe correction and then an...
Continuation south for GBPUSD at the moment, no doubt many are already longing this pair trying to catch a reversal but trade what you see not what you think. I had a clear sell sign from my analysis yesterday and took a sell but only to the low which was still a decent 3.5R. I have a Daily Demand zone marked out in which it's currently sitting. Today I have my...
Areas I'm looking at for 28th September - Price is still in the range of initial push from Daily Demand and retrace below the 50% of that push. For me the area its in now is showing a lot of selling - I'd like to see the supply areas taken out with candle body closure but ultimately it's the high of initial push that will need to be taken out. But doesn't...
These are areas I have marked out for today on GBPUSD - there has been a big reaction the one hour demand zone. If the highs get beat by price action then there's a chance of some upside movement. These areas are NOT where I will click buy or sell they are for monitoring when price gets there.
With the fundamentals sending this pair above the daily level but only to a higher up 1hr Supply zone was clear that this stopped out loads with their sells on and stoploss sat at the high. If you trade the Supply and Demand this should already have has you looking for longs as a previous Supply was broken. I said that in order for this pair to be bullish it...
The drop to 1hr demand and the price did change in that area which is what I expected - although it was very choppy yesterday on its way back up to the 1hr Supply I'm not sure the drop is coming yet. As much as I would love to see the lower areas of imbalance cleared out I will sit and wait for the right opportunity to present itself. Note: If the Daily high...
This is NOT to say this is the path it will take but just the ideal scenario - the 1hr Demand and 1hr supply are the first areas that need to be noted for a possible reaction. Loads of imbalance below down in the Daily Demand zone so ideally this is the area where buying opportunities will come from should price drop down there. See how the market goes tomorrow...
With a previous Lower Low being made and the correction about to complete will the Euro drop from this Daily Supply Zone - I'm sure there will be a reaction - mark it out and lets see.
From what I see price is redistributing after a strong breakout of a HTF lvl. Im just Monitoring trade progession,not financial advice. Give me a like and a follow if you like what you see!
Daily chart still showing a bullish market from what I'm looking at. I would rather price dropped in to the lower 50% based off the Bullish Structure break and previous broken supply zone and give a rejection with the upper untouched Supply zone as a potential area for price to climb. But I cannot predict and never will, I always react to what the chart is...
Possible bottom for EU has formed and a reversal to the upside. After watching price jump dramatically on Friday I'm expecting this trend to continue this week. Expecting little movement today in anticipation of USD retail sales which may also help with an EU continuation Let me know your thoughts in the comments below!
Areas I'm interested in on GBPUSD, I will only look to trade when price reaches these areas.
If I left my Technical analysis on the bord you all would not even be able to see the chart. Even though I'm Bullish on the Dollar overall, I'm going to be bullish on it with 'existing home sales' on the calendar tomorrow. And with Black Rock buying up homes 20-50% above market price, I think we my see the bulls come the dollars way. Plus there's daily Imbalance...
CADJPY created an Bearish Fair Value Gap on Weekly This week, 4H price came back to a structural point within that Weekly FVG but got rejected, creating a bearish Rejection Block I intend to trade that bearish rejection block