Price is leaving the 4H OB, we can potentially look for sells if price shows rejection in the 4H targeting the Orange Breaker Block. Once there, we have to wait to see if a rejection happens to push us up or it could go to the demand zone in green. Either way, wait for confirmations/rejections at all times.
I see a possible buy, you could set it now or wait once it reaches the price and wait for a reaction to an uptrend.. your play. **MANAGE RISK**
Price is currently at a 4 Hr imbalance, i don't see why the play wouldn't work.. manage risk and apply targets for a 1:2 and leave runners to do the rest after that. **MANAGE RISK**
Sell GBPUSD Price: 1.24857 SL: 1.25182 TP1: 1.24600 TP2: 1.24890 I believe this is the next scenario that's playing out.
Sell Limit @ 1988.000 TP1: 1981.41 TP2: 1973.33 TP3: 1959 SL: 1994.62 Seems pretty simple to me since theres support up top to keep going, the 4HR support so i believe since it has bounced once, it will continue down.
It has bounced 2 times off the FVG on the 15m timeframe, and FIBO 61.8% confirms support, let's go down
As you can see, the levels are marked.. 20 Pips is our main target however, the golden targets are marked as well. Buys above: 1973.5 Sells Below: 1956 ***Trade responsibly***
As You can see, the market is not clear as to what it will do. Currently Gold is ranging. Being Friday tomorrow it could be a slow day since there are no news but the market can move however it wants, lets wait patiently to see what it will do. Buys Above - 1976.83 <--- Price has to close above securely to enter Buys Target: 1980.391 Sells Above - 1957.09 <---...
Based on my analysis, we are currently in a range and we need it to break either of the supports marked to enter. It could go either way, we got news tomorrow so we will wait patiently and secure our profits. Plan is 10 pips and close most of Our positions while leaving runners going to see how it will work out. Trade safe people! **this is only for educational...
Wait for the bounce, then enter **Apply risk management
I little more up, then down :P ***Apply risk management
This is my analysis, NFP tomorrow is big news for Gold, feedback is appreciated! **apply risk management
I doubt it will pass this last week's highest point, it will go down as USD news today impact majorly.. This is just my thought process.. ***Apply Risk Management
Am I seeing this right? NFP can majorly impact this so I would say wait for confirmation before entering.. ***apply risk management
Right now we want to Wait Patiently - Break resistance and retest, then Enter.. Hope this helps! ***Apply risk management
Support at 161.680 - wait for it to either break bounce, depending on that, you can make your entry.. i'm going for long on this one though since we still have some imbalances up top but that would mean it would break the previous week high which its improbable still.. ***apply risk managment***
Its looking like it will break structure however, let's wait for that to happen and also wait for the retest and enter around the area marked. The TP will be the yellow are in the top. ***apply risk management