Hi everyone - some beautiful price action on the EUR/USD chart this morning.
Our CBDR range was tight at 20 pips with IPDA true day range opening bullish indicating that I should be looking at sells during the London open hours. We marked up the standard deviation x2 into a 15M OB, entering off the SD 2 price point.
We have both FED's Chair Powell and ECB's...
We ended the day off at +3.44% on the GBP/USD, with a -1% setup in the London session, finishing off the day with a +4.44% during the London killzone.
Unfortunately the initial setup idea (that was also shared) became invalid as price did trade up higher in the NY open, taking out liquidity and pricing into a 1H OB.
However, saw an opportunity during the London...
Price is bearish with a protected high and targeted low. Yesterday during London price into supply and gave us bearish PA that continued through NY session. All of the PA is internal within the 15m and the internal ranges have realigned with m15 swing structure. We have valid supply zones to short from but also realize that on the HTF we are in discounted pricing,...
Panic amid rumours that the Bank of England may have to intervene, analysts think that could even happen this week as we approach close to parity level.
From an intraday technical view point, we could continue trading lower today below the Sunday open level going against the fact that price has currently filled in it's fair value gap and has traded back into a...
Interim Dollar weakness expected? Well let's see how the market unfolds - Here is my 4H chart for the USD/CHF, based on the story which the charts wants to tell me, I'm currently looking at price trading lower from this 4H order block.
Aman | SMC Wolf FX
Can you see the accumulation > manipulation > distribution phases on this chart? My current bias is that i'm looking at the distribution phase coming to an end, taking out the previous low straight into a breaker block and I'm currently looking at price trading up higher.
Aman | SMC Wolf FX
Keeping it nice and simple on this pair. I'm currently geared towards seeing GBP having some recovery after a heavy previous week. Going with what the chart is telling me, looking at price trading up into the 4H OB before trading down.
Aman | SMC Wolf FX
Wow what a week we had last week, with many high impact events happening during this week making GBPUSD trade lower and lower. Welcome to the 'great reset', could we be heading toward 0.98? well we will wait and see.
Nonetheless guys, please see my markup on the 4 hour chart, we have left a lot behind within the market that can allow this pair to trade higher to...
Happy Friday everyone, hope you've had a good trading week. Here is my current bias for GBPUSD. Looking at some intraday bullish momentum if we get good LTF price action to support our direction.
Safe trading.
Aman | SMC Wolf FX
Price is bearish. Protected high and targeted low. We can see the internal structure failed to close past the low, twice, leaving two relative highs that can be used as liquidity. If we are expect and complex pullback on bearish structure it's valid to look for longs, knowing where our targets are. Price can also continue lower. All timeframes are aligned bearish....
We can see we have a protected high and target low. On the way down price left supply zones to get reactions from. Price is aligned bearish so it could be valid to look for shorts if it fits your plan. Make sure you wait for ltf structural confirmation. Price recently ftc the low signaling that the is weak, which aligns with the narrative. There is demand below...
Price is currently reacting to a demand from 2002. It did give us a reaction but we can see that it didn't create a new high. We are bearish with a protected high and targeted low. The HTF narrative is bearish but we need to play to current intentions and see what the lower timeframes are showing
Price is bearish. We've broken structure to the downside and have a protected high and targeted low. Since we have broken structure we can expect a pullback but it doesn't have to be right away. On the push down we can see price reacted to demand and flipped past it, leaving us a valid supply zone. Price is currently reacting to demand from 2002.
