Good morning, traders. It's Friday and we've almost made it through another week of trading. Just when retail traders are ready to throw in the towel, Bitcoin gets a boost minutes before the end of the day and prints a potentially strong bullish reversal candle as we discussed on last night's live stream. However, we still need to see actual follow through because...
Price now inside M +BR, ideal entry inside D +OB. Stop just below W +OB. Target is VPVR void, just below W -OB.
USDJPY looks like it reached for the bullish order block. This is a bullish signal to me and I feel we could have a little rally. I am looking to enter on the 50fib. Will also watch on the LTF to see the price action when it gets there. Big potential targets so great risk/reward on this one
Looking for a 5min reversal pattern at this area. Equal legs, 61fib and Breaker all coming at between 1.380-1.385.
Pink dashed lines are levels where I would like price to play resistance bounce and trade onto the downside towards the previous day EQ & taking out the lows then to the structure low 110.241. I'll like to see clear rejection from the pink zone (Breaker) to get involved but right now I am sitting on my hands.
Price respects Daily & 4Hr order block, trades back into the up trendline structure. Fib drawn from swing high to low 50% retracement level & 4hr breaker low lines up together @ .86081. Possible HP move on the downside if EQ holds. Also previous week EQ too .86075 added confluence for me to short this pair if price action plays out to the books.
Following the aftermath of Article 50 being triggered, EURGBP was bullish in favour of the Euro with Pound weakening and Dollar short term strength after the whole shebang - GBPUSD. Here price tested trend structure where support price action played out well. Price is currently trading below 4HR Breaker candle as well as the previous day equilibrium to retest and...
LSE AA weekly analysis. Looking for 50% and on to 61.8% re-tracement into weekly breakers, before continuation of bearish sentiment.
The initial breaker setup seems to hold true. Time to short this asset down to its resistance. See related idea for more details.