Unsustainable up-move. Massive imbalance left (4H) which has to be filled. Congestion zone created which can be manipulated. If so I aim for the order block above which caused the impulsive move down. RR --> 3.86
price already breakout the support area, waiting for the retest and nice candle confirmation and we can confidently open position buy in this pair, remember guys always focus on money management + psychology = GOOD LUCK
Classical analysis tells us we are in an uptrend becasuse of higher top and base. Plus, we see a nice RSHS and RSI divergence(signal of new trend). If it can stay over BB mid-line, my *minimal* target will be around Fib. 0,236.
GBP / USD is trading at 1.3829; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3765 and then resume moving upwards to reach 1.3965. Another signal in favor of a further uptrend will be a rebound from the rising channel’s downside border. However,...
USD/GBP is on an overall downtrend and will continue this momentum after this pullback. The idea is to make a short order at the major resistance and take a clean 100 pips with pivot points as TP levels. If the price indeed drops as expected we can continue making sell orders at each support-turned resistance levels until we hit major support at the bottom.
Its a simple price action strategy
its was making HL and LL then it took support on 0.71533 making double bottom on lower time frame
now on 1h time frame it has made downtrend wedge type pattern if it breaks down after a retest there will be higher probability of a downtrend
if it breaks above the triangle patterns and retest the trend line there will be higher...
The dollar pushed higher
This labor market strength has prompted the market to reassess when the Federal Reserve will start to rein in its $120 billion asset-purchase program,
potentially starting to taper this year with higher interest rates following as soon as 2022.
This should have been the first ticket.
Though most would've been nervous to bet at the start of a trade.
You can still get the 3 different settings.
The plan shows 16h study guide.
Each potential 3% or more
No specific order to the settings.
2x 5m and there's a 15m gainer. I started with the 15m
.72170 might make it. One is a sell ticket, which I've started with.
The study plan suggests 60 pips at 5m setting
60-120+ and not sure of 3rd.