As price rapidly drop at the end of the day I could easily spot the next movement price action would return to before going lower. Trade against it to the point if you wish or trade with it and add another position if you're still in my long swing trade with me. Entry will likely be around 1.18198 (allow room for broker) and it will trade back to the low it just...
This pair still hasn't traded to the order block level which it needs to in order for another push down. And it will attack all of those equal lows as price action usually does. Just look at what happened to EU today.
Same as I had earlier this morning. The Asian session solidified my thoughts. Having two positions just in case it retraces deeper than first thought. See related chart for this mornings idea on the pair. Also sometimes you need to break down to the 5 MIN and 1 MIN chart for specific price action movements for these determinations but still using the daily chart...
I have two depictions as to what could happen and one may have already happened but I don't think so. It has barely touched the 15 minute order block for it to be selling already and there's too much movement in the 5 min chart that Il'll show here. There are two 5 min order blocks that price could reach before returning lower. The first around 1.8305 and the...
As price action has already sought higher, I'm looking for pullback into the breaker to go higher and take a previous daily high. FX:GBPUSD
As soon as price entered around the Bearish Order Block of 1.18400 I expected a rejection and on the 5 min you can see one. (Order Block Formed) (Rejection) Tell-Tale sign we're in for a big drop that could take days/weeks. If it start's to push in higher, I would honestly expect that too as I've been taught that the orderblock is most likely to get priced...
Waiting for EURUSD to retrace (If it does) to buy. Espeially if the 100% Symetry is around the 1.85000 level. That is the spot I'm looking for the swing sell on the way down. But only if this happens before London close. If we sit in consolidation or I don't see a sharp rejection soon, I may rethink my entire idea. Just trying to read price action at them moment...
Selfe explanatory.
Unless the breaker is what keeps it from buying, I see it attacking more highs aiming for 1.30900. A bit ambitious for a day, but it's cable. Red lines are previous daily highs, blue lines are previous daily lows, greens are targets or order blocks. And the gold line is the breaker that I'm weary of. If it trades below the stop loss then it will break structure...
Looks like GBPUSD already gave us an optimal trade entry during the Asian Session. After bouncing off the 1.29000 level last week it did create a lot of sell side liquidity but it seems to be showing a willingness to want to trade higher. Looks like we already missed an optimal trade entry which could come to fruition during the London Session. Or it could soon...
Looks like NEO just barely broke the swing high after hitting resistance and bouncing back. Look for a retracement for a long around 16.85. This is a 4 hour chart so you might be able to pull in some good shorts if you find the right setup on a 15 min time frame. Like if you can keep finding patterns like these on the way down, why not sell too?
Yeah it may slip down here or there. But 1.7500 was holding as resistance for quite some time yesterday and today it has turned support. It's rather invisible if looked at from a smaller time frame But it's there as support. Take that information as you will.
I personally called a buy to myself earlier this morning because I'm anticipating prices to get to 1.184-1.185 ish before we start to see a down trend. Here's The trade I personally called. I had a limit set and it hit in London and I woke up in profit so my natural instinct is that we would have a buying bias going into today anticipating that high for the...
First off, interest rates just dropped a tremendous level and the Commitment Of Traders show a lessening of shorts, meaning they're about to long this pair. See the indicators in the original, or I've made them larger here. The USDCAD had a weekly order block from December than it re-entered at the beginning of September. Using the nearest Institutional level,...
This relates to my idea I posted last week titled "Long Term GBPUSD - Go Long Soon" if you want to refer to that as this is a continuation of that idea. I know the chart looks busy but hear me out. The CoT (Commitment of Traders) indicator is at the bottom which indicates the net positions of Commercials (Central Banks) and Large Speculators (Retail Traders with...
As I have EURUSD pretty mapped out if you've been following my ideas, I'm, just giving an update. I sold the breaker at 1.18260 as a breaker is usually an indicator to sell.My stop loss is only 4 pips because it got pretty high above the breaker before I sold. And we need a pull back before moving forward to the next bearish order block which will be the next big...
There was a bearish order block I found in the 5 minute chart around 1911-1912 meaning you can short it until the next bullsih block at 1904. Short quick scalp. OANDA:XAUUSD Here's the order block in a 15 min chart And Here's why that matters
I know, anyone who sees my ideas on EURUSD knows that I keep going back and forth. But After I hit profit on all 4 of my shorts I noticed a bullish order block at 1.17345 that I didn't notice before. So I closed all my trades and bought there (Well 1.17364 is my actual entry) because I knew we had to get to the bearish order blocks above, where the big drop...