After earning small chips from the shorts I decided to go long and participate in the trend. This pair is still in an uptrend. The dollar is creating higher lows and structurally higher highs. I noticed a breakout of consolidation then a retest. The re-test presented a bullish reversal pattern followed by volume. I project price to push to atleast 144.808
Good morning to the London Session! Enclosed is my plan for the next few hours. If we see the pullback to the start of London, I think the marked mark is a considered entry. SL can be placed above the liquidity zone above us. Target is the EMA800 15m TF. Idea is invalid should we visit EMA800 first without seeing a pullback first. Have a nice weekend!
I'm currently in a gold buy. Reasons: -We're at a point of what looks to be a strong demand zone on on all time frames leading up to daily. (Accidentally wrote supply zone instead of demand on chart. excuse the typo) -The last 2 closing candles had large wicks on 4hr timeframe (bullish engulfing). -We're getting higher highs and higher lows on smaller time...
Asset- GBPUSD Observation- Price is one of the high There is a resistance zone as shown by the box Price must retest the liquidity zone. [/list Any suggestions
The GBPUSD maintains a valid upward trend on the Daily chart, which demands our attention and respect. Despite the current significant decline, it is technically considered a pullback as no critical structure has been breached. However, it is worth noting that the 5-minute intraday chart has dipped below a sell point, indicating a potential reversal. The...
LOB entry on EURUSD 15 Mins for a Short position. R:R 2
LOB entry on EURCAD 15 Mins for a Short position. R:R 2
LOB entry on GBPCAD 15 Mins for a Short position. R:R 2
same scenerio as my previous idea with UJ. I've been waiting for this setup since last week. I recommend getting in around LONDON time but I'm already in this trade.
A quick update on the CADJPY Buy trade, expectation is for higher prices into the Sell Zone. AUDUSD has rallied and this type of Rally is a BUY to SELL Setup. The Daily chart indicated that the long term sellers are now in the market and the move from Monday to the current area is a Pullback. Sell is the Call and we will use .6754 as the stop loss. Enjoy!
LOB entry on EURUSD 15 Mins for a Short position. R:R 2
LOB entry on GBPJPY 15 Mins for a Short position. R:R 2
LOB entry on EURCAD 15 Mins for a Long position. R:R 2
This morning we have a potential upside move in the EURUSD and the GBPUSD based on the intraday wave structure. However the USDJPY is currently showing signs of weakness above yesterday's high and a break back below the 1DH is a sell signal. Enjoy!
LOB entry on GBPCHF 15 Mins for a Short position. R:R 2
Options taken or planned during the London session 28/08/2023. These are to assist pre planning and following set procedures in future. Also if you look at option 2 the 15 m close isn't sufficient due to zero closed candle on the 30 which was still open at the time and following at heavy bearish close the high of that 15 must be broken to give any continuation...
LOB entry on GBPUSD 15 Mins for a Short position. SL Above the Asian session.
LOB entry on GBPCHF 15 Mins for a Long position. SL Below the Asian session.