This low will be worked and depending how the HOD is handled, potential short position can be converted to a swing trade for next 2-3 days
Trade #1 Trade Type: Sell Stop Entry Level: 1.22955 Stop Loss: 1.25716 Take Profit: 1.20117 Risk to Reward Ratio: 1:1 Trade #2 Trade Type: Sell Stop Entry Level: 1.22955 Stop Loss: 1.25716 Take Profit: 1.18985 Risk to Reward Ratio: 1:2
I am noting this so that I can see how price decided to move. This will help me broaden and make more sharp my analysis points.
Just want to record this so that I can refer to this in the future.
Hi Traders, Looking on a GBPUSD we can see price respects our monthly IRL, then shoots down leaving an imbalance on our daily time frame, as it takes out our ERL and giving us a clear MSS, so we will look for entry properties on our H1 time frame on the daily FVG/IRL. Best Of Luck CharlesFX
Looking for signs for price to turn bearish. I'm sure they are using Tues to take out highs for the week. Just need everything to line up within killzone times. for now we sit on our hands and wait for price to tell us more of what it would like to do.
Took a loss on GU Short, but the play remains the same as I will just be waiting for another entry short at the IRL, and will wait for a mss to the downside and enter again. As you guys should know by know, my strategy is very simple.
▪️ Pound Performance: The pound reached new two-week highs against the dollar and euro at the start of a significant week but fell sharply against the yen, down 1.22% to 195 yen after peaking over 200 yen earlier. The sharp movements in yen are attributed to suspected interventions by Japanese authorities to bolster the weakening currency. ▪️ Dollar vs Pound: ...
GBPUSD bounce from support as i was expecting. Price finally reached the first reversal area were we could look for short. I have another good level to add shorts, that is 1.26. This is a another resistance level on higher timeframe. First target area 1.2425, i will share my entry on my page
Pair : GBPJPY Position : LONG ( BUY ) Entry 1 : 195.135 STOP LOSS @ 194.680 TP 1 @ 195.585 TP 2 @ 195.985 TP 3 @ open ( Trailing SL )
**GBPUSD:** This week's forecast is for the price to test the resistance level at 1.2676.
I have spotted a Sell Order Block (SOB) caused by a Break of Structure (BOS). Now I have to be patient and wait for the MArket MAker (MM) to push price to the OB before I make my Move. #Sirtuns
Break of higher low that indicates a possible short entry, break and retest of trendline for additional confluence.
GBPUSD has recently stabilized from lows and formed a head and shoulders bottom pattern in the short term. At present, the upper resistance is focused around 1.258, and a breakthrough is expected to continue upward. The upper resistance is focused around 1.270. At present, pay attention to the support below 1.245. If the pullback does not break, pay attention to...
Price confirmed a bullish scenario weeks ago, but we expected a retracement to a dailyy liquidity and then going up. And as of this moment the daily liquidity has been reached and we are now at the 4H liquidity at which if the current 4H candle closes above it will be a good confirmation to buy and hold for days. But what we are looking at right now is a reversal...
Waiting for a retest of 1.25121 to short GBPUSD back to 4H swing low at 1.23109 If you agree drop a like and if you have any questions leave a comment :)
- Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Analysis: - Trade Strategy: Trend Trading - Sideway Bounce Setup - Key Levels: Key Support at 1.2461, Target at 1.2502 - Profit Potential: 41 pips (410 USD/lot) Trade Plan: - Long Opportunity: Consider going long...
The Pair is trading along its limits waiting a move upward this week - you can enter Buy upon break of falling trendline or if price retreated to the support level shown ( must be before the break of trend ) backup of idea : Please watch USD dollar news this week especially ISM manufaturing index ,interest rate decision and NFP payrolls which reflects to imminent...