GBPUSD is moving up into the Daily -OB, and I am looking to go short between the 79% retracement level and the Daily -OB Equilibrium at 1.57. This figure also happens to be the 50% (equilibrium) for the 4H -OB. On the back of dovish comments by Harney, suggesting that a hike for the pound is coming no time soon, I believe this will make for a great medium-term...
Cable is a great opportunity right now to make some pips. My buy target is set to 1.536 with a SL beneath 1.1332 as it is possible a stop hunt will take up to that level. The sell target is first the .618 fibo and a second target of 1.58.
The rapid decline in price was caused by NY traders flushing out stops on long positions and filling their own orders. Price has bounced off this order block a few times so it could still hold stong.
I wont fool you with too many bullshit regarding technical analysis, just search for the stop hunts and ride. ##########################Previous Trades ################################# ########################################################################
There is a chance that the Pound could fall to take out the 'double bottom' stops resting below the 62 fib retracement of the movement up from the 8th July to the 29th July, and then make a move back up to take out the liquidity above the 1.568 level.
An inverse head-and-shoulders pattern has formed on the FTSE, with a projection of around 200 points, which would pull it towards the 6900 handle. This leads me to believe that market makers are looking to clear out the stops that will be resting above the 'double top' before any further move down in the index. 6921 is the 70.5 OTE fib retracement from the 10th...
This one is already running on my trading platform, just wanted to share the idea. Attached image from the platform: i.imgur.com I wont fool you with too many bullshit regarding technical analysis, just search for the stop hunts and ride. ##########################Previous Trades ################################# ...
Spotted good stop hunt, if the Yellow line breaks, i'm in :)
I know it's from yesterday, I took this short. This is a great example of Yellow Line Break. Always Search for the BatMan
The markets appears to be trending within an 3 drive uptrend channel. However, when drawing some fibs from March 2013, I saw the 0.236 retracement level has not been touched yet. So this got me thinking.. If i was a BIG investor/trader with lots of money, at which levels should I be looking at? Well, drawing in some more fibs from 2014-09, 2014-11, 2015-01 i...
short idea based on a stop hunt