Interesting one, the trend is bearish so I would avoid buying until we clearly shift momentum.
Since the OB has a huge imbalance above it, I believe we may run into some manipulation around the zone before continuing down further.
LR - Lure
OB - Order Block
BOS - Break of Structure
IMB - Imbalance
2 Step - Alkalines Secret hahahaahha
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to...
This pair is utilising the previous supportive region as new resistance, price seems to be stuck.
The indecision is creating buying and selling pressure in the consolidation zone.
Personally, I would like to see a sell from here to lure more shorts into the market before we bounce at the low for long term buys to break the key structure.
Please, support this...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I am expecting a retrace of this huge sell-off.
We saw a liquidity purge of the support created after the trendline bounce.
Now that this is out of the way, we can expect some pullbacks before bearish continuation.
We can either pull back from this zone or we can take the low before we retrace.
This is a lower timeframe description of how we can approach this pair in relation to my last related idea.
Please ensure you understand our daily outlook before you proceed with this idea.
I will be looking to clear the minor resistance before bouncing from the demand region down into our area of interest to buy from.
Leave a comment and/or message us on how...
This pair gave a clear sell-off signal at the resistance point.
If you understand order collection and liquidity you should have been able to ride this wave down without an issue.
This leads us to our next question, where is the reversal point?
Similar to the price action found at the resistance, we can expect this at the support region.
I have illustrated...
ANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGEMENT ➖
IMPORTANT INFORMATION:📌
- ORDER FLOW :
* LSB: breaker retest
* PROJECTED TP :
* PROJECTED SL:
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We consider selling this GBPCAD pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
As you can see, this is a potential double top pattern for GBPCAD.
Price already broken below the neckline and currently retracing.
If price touch 61.8% fibonacci level, we will be happy to initiate sell from that point.
Sell GBPCAD 1.7420
Stop loss 1.7510
Take profit 1.7150 (3R)
Use only 1-2% risk
Good luck
Just as our last analysis clearly stated, we saw price bounce right off the bat, making some good returns for us.
Now, we expect some sort of pullback before a continuous rally to the upside.
We remain in this trade, looking for scale-in opportunities to continue with this trend. Trade the trend with us. Trade Safe.
