GBPUSD Order Block - August 22, 2019 Order block on the 4 hour. Bullish engulfing took out previous lows, Broke up to break resistance. Price took out previous liquidity. Looking for price to retrace back to block and move up.
its all about knowing the direction I have a short bias on this pair according to higher time frames but waiting for the price to reach where i can get a good RR ratio, you can enter at this price for a 1 to 1 RR ratio tp on 27% Fib ratio but its better to just for for the sell limit to get activated as we have missed on the first wave
All stops taken to the downside. targeting the liquidity resting above range high. entered on LTF break in MS at bullish OB
USDJPY -------------------------------------------------------------------------------------------------------------------- Last week, we bought USDJPY and this morning we smashed TP hard. Now is the time to start thinking about selling JPY pairs, we already have AUDJPY set for a sell, now we look to other JPY pairs. Since we are thought of AJ sell, think of NJ...
Nothing to add here. Referring to the previous post for a detailed analysis.
Here you can see my USD/CHF Analyse. We have got a BIG Trendline on the Bottom. And we will retest this Trendline. So i have made TWO Short Position's for Monday! First Trade is RIGHT NOW! USD/CHF could Drop right now so i want to make Profit with this Drop. But USD/CHF could go up to the next Trendline and test it. So there is my second Order waiting for a...
speculate that price will reach multiple supply zones then bounce back downwards resulting in multiple short opportunities reasons: downward momentum, price reaching supply
brief trade opportunity on 4HR - speculate that this current falling knife will bounce back up as demand increases to reach supply
believe price has broken downward momentum briefly for a quick buy opportunity on 4HR timeframe and less at market.
price exceeding supply basis for long
Downward momentum low risk trade as supply exceeds demand. Sell Limit at 1.31259 -> 1.30798
Reason to believe there is a buy opportunity since there is upward momentum and possibly breakthrough upwards for a long trade