Prior GBP/USD:
GBP has now reached record lows against the USD, as USD continues to soar. The obvious mark that most trader are now looking at is 1.0000. If trends continue long term we may even see lower prices than this.
1.1200 is a strong level of resistance for this pair now and it may look for some rest bite as we head into the later stages of 2022....
BTC DOMINION facing the major resistance for the fourth time again, let us see if it is going to hold and breakout or reverse back to down side to retest the major support.
If the reverse should happen then alt should be on good moon
FOREX TRADERS: What are you going to do DIFFERENTLY in 2022?
Amongst many many things that we can do differently is crucial to havea CLEAR PATH to follow in our Traders Development. As we are learning in the FOREX COURSE 101 we have the next steps:
This is a simplistic approach for the DEVELOPING TRADER to grasp an understanding about where he or she is in his/her...
First of all this trade will be monitored on the 4 hourly chart for an entry rules to be made, and this setup is based on a weekly chart impulse which has retraced and trying to start the next impulse up
The overall direction of the trend is clearly bearish as we can see, there has been a clear liquidity grab or stophunt on the downside taking out sell side traders.. After that market broke structure and started pushing towards the untested orderblock where our point of interest lies, so we go in short at the 50% of our untested orderblock on m15..
Thanks 🙏
EURUSD is atract like a magnet in the imbalance zone to fill it, the OTE is the zone when we want to enter a trade, for a 1:6 RRR and another trade which is a little bit less probable in the middle 1:4 RRR
Buy GBPJPY in range 148.500 - 148.900
SL: Below the zone and add 10 pips to SL
TP: Resistance levels in Yellow
Technical Analysis Reasons.
1. Entering my Assassination Zone drawn between the ranges given
2. Buying the Pound at its lows and sell high
3. Double Bottom
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Buy GBPUSD in range 1.361 - 1.358
SL: 1.356
TP levels:
1.364
1.37
1.38
Technical Analysis Reasons.
1. Entering my Assassination Zone drawn between the ranges given
2. Approaching my Fib Channel 100% level
3. Double Bottom
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Hello Traders,
As a purely speculative exercise on the accuracy of my model, I'd like to publish this idea.
The model tries to identify pressure points in any given market. The pressure points themselves identify the breadth and strength of the move to come. It exists in all time frames and can be applied to any market. The targets are printed as data is fed...
tckr STOR : Nothing to add from last weeks update, other than, as predicted last week, the target of leg C has been reached and is now retracing a leg 4. Please note, leg 4 as drawn isn.t a target, it's an abstract point on the graph to indicate that retracement will occur after reaching point C. For further analysis on this stock, drop me a line here, i'll be...
Given the recent market moves and macro economic factors surrounding the GBP, we have outlined two potential scenarios for GBPCHF given the current levels that are in play. The 1.22 level has not been broken since September 2019, if we see a bullish weekly close above the level as well as a retest, we can expect price to move (Long Term) to around the 1.27 region...
