Triple Threat Zone analysis on GBPUSD. Trying to capitalize off the sell momentum from last week. I believe price will retrace to the yellow ray based on a weak fibonacci and market structure, and continue to the 1.35 level.
GA continuing upwards trend since rejecting 1.875 mid-level. Found an entry on a retrace candle that matched up with the mini-trendline. If price breaks mini trend, will start to look for sells to previous low and if price breaks that structure, will look to sell back to 1.875
GBPJPY at midlevel, previous structure change indicates a further sell after a box like consolidation. I expect price to stay within this box until the market makers come to play for a big move. Entry would be at the top of the box with my take profit at the next level.
GBPAUD coming back to hit bank wick zone for London session Liquidity. Evening star candle further confirms the sell. Stop loss at the top of the wick of the evening star, and take profit in the bank liquid zone.
GBPJPY short confirmations
Overall market structure at the time was heading down
Price failed to decisively break above the key area, but closed a solid short candle below it
Evening star candle = entry trigger, followed by a massive short candle
Rode price to next key level
Bitcoin came down to wick the heavy support level of 30k (half of all time high), providing a perfect entry based on market structure (A higher low compared to last time it came down to 30k), and candlestick patterns (the candle after the wick zone was a bullish engulfing).
Bitcoin has come back to our support of 35000. Many premature buyers were stopped out by the wick by the $ sign. From then on I created a "Wick Zone" for price to retest for another entry because I missed the first one. Predicting a push to the next high of 39000.
Euro/USD has had a big drop at the end of last week, that has left a mighty imbalance. We could see a retrace back to the support zone and then a shoot to fill the imbalance, or we could see a small retracement upwards, and continuing the push to 1.20 (a major key level). The dollar Index is at a resistance right now (DXY), hinting at a bias towards the first option.
Price has consolidated for a little after last week's drop. Just before closing, price has broke structure and created higher lows, and higher highs as indicated by the new grey trend lines. Fibonacci trend retracement also shows that the small retracement is approaching the .5 golden zone. What many people thought to be a downward spiral to 1.81 may turn out to...
GBPAUD broke trendline from a previous long setup. From here it retested nicely off the same trendline and came up to stop out the impatient sellers. I entered around the $ sign, looking to short to the next key level.
GBPAUD long position upcoming this week. Price has been following a decent long term uptrend, and is coming back to hit the trendline. We will wait for an entry around the money sign, after the banks come in to hunt the stop losses of impatient buyers.
Waited for price to fill the gap imbalance from Monday's Market and found an entry on the wick near the $ sign. US30 is currently in a bounce consolidation with support at 33750 where the market makers have been grabbing liquidity.
Price Pulled back after structure change and entered a bank manipulation zone. Entry on the "Liquidity wick" there labeled by the money sign. Looking for a buy up to the previous high with a 1:4 Risk to Reward
GBPUSD at major resistance point. Shows lots of imbalance after a bullish climb with very little retracements. Waiting for a safe entry after the EMA's cross and the bank gets involved somewhere around where the dollar sign is.