In my GBPUSD trade, there is a compressed triangular pennant, compaction reducing indicating less volatility. with the presence of an order block prior to the formation of the compression zone. My chart reading indicates a pennant to be broken and OrderBlock to be filled and pushing hence grabbing the liquidity (sell orders) above the pennant and push the price...
In my EURGBP foresight of the market indicates that a downtrend is expected after the CHoCH is broken accompanied by an FVG. However, the major FVG has been filled up by the retracements (almost 100% fib). After the retracement, we noticed a new order block formation, and decided to place an entry there. My biased is Short for this one.
In my EURCAD entry, I am a little bit ambitious on this one. Upon my observation of the formation of order block above the Liquidity pool line (along the entry post), I have set a position to capitalized possibly a reversal of the potential "Breakour point". As the failure for the candle to actually closed effectively above the so-called "Breakout point". My...
INDICATING POTENTIAL DROP IN PRICE SUPPORTED BY FLATTENING VOLUME FOR AUGUST 2021 DELIVERY. FOR THOSE IN PHYSICAL TRADING BUSINESS, THIS COMING 2 DAYS WILL BE THE BEST FOR YOU TO CLOSE A DEAL WITH CLIENTS WHO WISHED FOR A CHEAPER PRODUCT (WE KNOW THOSE KIND OF CLIENTS). ALSO FOR HEDGER IN PHYSICAL COMMODITY TRADING BUSINESS, HEDGE YOUR POSITION ON THE FIRST TWO...
