Good morning ladies and gentlemen,
Following on from the trade idea I just posted about EURAUD long. I believe that EURUSD could come down to fill the liquidity void that lies below as a result of the FOMC news release.
If it fills the liquidity void, I'll be looking to go long on this pair around the H1/M30 bullish Orderblock with my stop below the...
The impulse to the North continues to develop towards the target in the supply zone 1.40800. The price passes the 1x1 support line.
GBPUSD - LONG
ENTRY PRICE - 1.39350
SL - 1.38700
TP - 1.40800
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a...
Indications that suggest a move to the downside within the next few days:
- A completed liquidity run above last week's high, with subsequent bearish institutional candles
- Completed W formations that have reached reversal zones of fib confluences
- A liquidity void to the downside that needs to be covered
- Gann based time/price projection
LINK Is in a very difficult area to trade at the moment. In this idea I will explain which two major option you have if you are looking for a LONG position on LINK.
First of all, let's look at *the void* in more detail. We can see the blue area on the chart where there is absolutely zero price support or resistance. The price broke through this area like a hot...
This is a highly experimental idea, not something to base your trades off.
As you can see on the 4H chart, we've made some really thin moves with little to no stops in between. I'm not sure if this is the end of it, we may see some more expansion downwards, BUT when it finishes, in case we start going back up it may be a fast and explosive move, maybe to...
We got a break in the market structure here, and now we have to wait for some retracement to look for a buy.
There's a bullish breaker nested between .62 and .705 fib retracements which is a great spot for Phoenix to retrace before attempting to break new highs. This retrace would also fill that small void we left during the pump.
Some terms I used here:
Nice breaker there on the 4H chart, seems to have been retested and ready to fill the void to the left.
In case that the breaker fails, there is a bullish block right below it as backup, but I'm hoping it doesn't come to that.
Nice 3.5 R/R setup here.
On a side note, if it takes off soon, it would be a good idea to take some profit halfway to thegoal and keep...
So this is a very promesing project that I have been watching for more then a month and it has raised from 980 sat to 6000 sat and retraced back to 4250 sat.
On the 10th they are releasing a new in-game shop and a road map for 2018 and its their 1 year birthday so there will be extra news.
Securing profits at: 6500 sat