Nice order flow on this pair making higher highs and lows, Inneficiency in the bull runs with clear orderblocks resting below the gaps left in the market, Marking up the order blocks and setting my pending orders keeping it very simple as always. Over 14%+ RRR by the time this reaches target if you like this style of trading please like or drop me a message...
Multiple breaks of structure to the upside. I trade price action / SMC, I can see 2 slear breaks of structure on the higher timeframe which carrys more weight than the lower timeframes, clear candle closures above the previous highs, a wick for me is not valid in my trading plan. Once i see the candle close on the second break of stucture i track back on the...
I had a daily/weekly uptrend, which was broken then had the end of a falling wedge with a breakout at a key level, new 4hourly uptrend formed, then on the 1 hourly we had a break and a retest with large engulfing candle, Looking for position to pull back to the 0.50 fib level with the fundamentals coming into play at 10am take partial profits manually move stop...
End of a nice impulse run, fib level from start to finish looking like a nice spread, Price will consolidate for a short period breaking the uptrend to then retest this areas pull back to the .318 level and im looking for a push to the downside to go short.
Have a lovely break from the daily downtrend, lovely rejection on the daily key levels, Ema rejection & the end of a raising flag plenty of confluences for a short BIAS
GBPUSD This is my analysis for this trade, I post up all analysis on tradingview to keep track of my work. On this pair i have a falling flag at the end of its run. Break out forming the inverted head & shoulders. now price has broken the neckline of the H&S looking for the retest to the go long. i feel that price will consolidate for a period, then resume to...
Waiting for the Bearish flag pattern to be broken with a engulfing candle on the lowertime frame, Price has broken the daily uptrend, now its a waiting game for this to occur & price to reach the 0.382 level as my TP1.
After the run from the daily channel to the lower levels of support , I will now expect a pullback to the Fibonacci key levels .318/.50/.618/.1 Patience now will play a huge part of this position waiting for the break and retest of the hourly downtrend, if that fails then obviously will be looking at the break and retest of the support acting as a new resistance...
Waiting to see if we get a breakout of the daily downtrend or a formation of the right shoulder to then get a break retest to go short Price is being squeezed on the Daily TF, its a waiting game now.
On the daily Timeframe, had a nice uptrend channel where price was respecting consistently, moved down to the 4hourly & price broke out of the wedge breaching the daily uptrend, Down onto the 1 hourly i used the Fib tool at the top of the run,price reached the key lower level pulling back to the 0.618, Dropped to the 30 minute Timeframe to scope my entry price...