GBP-USD (institutional)Hello traders!
This is my view on GBPUSD.
Since we still have major areas of liquidity pirce might reach toward them zones before continuing it's up-trend.
Banks
IBM LONG BIAS IBM looks really strong to buy after testing HTF Demand. D1 demand already played out now we can use all fresh levels on H4 H1.
Goof luck
Expiry Day Plan for tomorrow- Banknifty We can expect a calm expiry however any possibility cannot be ruled out. But probabilistically we expect a range bound expiry for tomorrow .
Royal Bank of Canada (RY)This stock is a longterm hold (years) always trends up, good dividend stock, it's looking for a higher breakout for all time highs. Also check out XFN for Canadian bank etf. Financials will see higher prices.
GBPUSD SHORT STILL HOLD MY SHORT BIAS ALTHOUGH WASNT AS MUCH CONVICTION AS ID LIKE TO SEE OFF THE MOVE YESTERDAY, A FINAL TEST OF THE HIGHS BEFORE A SELLL OFF WOULDNT SURPRISE ME SO ILL BE LOOKING FOR THAT SWEEPING REJECTION WITH RSI DIV
EURUSD SHORT SWEPT LIQUIDITY FROM HIGHS, POTENTIAL SHORT FILLING IMBALANCES AND MITIGATING ORDER BLOCKS... RALLIED FRO YESTERDAYS LONG ON EURUSD DESCENDING CHANNEL, FOLLOWING DAILY DESCENDING CHANNEL WITH WYCKOFF DISTRIBUTION AT THE TOP OF THE CHANNEL, FOLLOWED DOWN BY TREND FOLLOWING MARKDOWN TECHNIQUE
GOLD LONGS3 WAYS OF ENTERING, ID LIKE TO SEE A NICER SPRING WITH DIVERGENCE ON THYE RSI TAKING OUT THE IMBALANCE AND LOW-LEVEL ORDER BLOCKS, PERFERABLELY SWEEPING STR TOO
WYCKOFF DISTRIBUTION ON GBPCHF NOT AS HIGH PROBABILITY FOR ME NOW AS UTAD DIDNT SWEEP THE HIGHS WITH RSI DIVERGENCE THATS AN IDEAL SHORT FOR ME FOLLOWING DOWN WITH A HIGH MOMENTUM MARKDOWN TREND CONTINUATION TECHNIQUE
GER30 SHORTDIDNT POST THIS MORNING FOR SOME REASON.. APOLOGIES
GER30 SHORT FROM SWEEP OF HIGHS, RSI DIVERGENCE SND REJECTION FROM THAT ZONE. POTENTIALLY TAKING OUT IMBALANCES, OUTSIDE STRUCTURE AND MITIGATING ORDER BLOCKS ON THE WAY DOWN.
POTENTAIL FEAR DRIVEN SELL-OFF GBPUSDPOTENTIAL FEAR DRIVEN SELL-OFF ON GBPUSD. LOOKING TO TAKE LIQUIDITY FROM LOWS AND POTENTIALLY 4H EQUAL LOWS. WITH GREAT RR
EURJPY POTENTIAL WYCKOFF ACCUMULATION Potential manipulation before mark up phase and mark up trend following
DONT TARDE AGAINST THE BANKS !!Another aggressive short following yesterdays
short after the liquidity grab, we saw yesterday
on GBPJPY.
Bat pattern forming allowing entry into short
position to potentially fill the imbalance from
the bounce up yesterday and potentially
looking to hold down to sweep the liquidity
from the lows at 143.014.
Hide your stops!
For more info head over to Youtube..
Max Cornwell How to TRADE LIQUIDITY
Two possibilities in Banknifty32118 is a crucial level if it opens and manages to stay below this then A bearish trade can be made !
However if the BN continues to make the 200EMA as a strong support trend line ( non linear of course!) then a trend continuation is good for the bulls
Trade Update #stocksThe Chart: Price has fully reversed from the bottom of the large range (rectangle) and has now broken out of the top end of the range. Despite todays rough down day I am comfortable with my position as long as price can hold above the 59 area.
The Narrative: Banks are taking a bit hit on earnings but the quarterly results we not as bad as the price drop may seem. Given the run most including Citigroup have had, taking some profits into the quarterly results was some what expected. The recent move in interest rates, reopenings, and overall global growth should all be tailwinds for the sector. Unless there is a double dip recession, I think the banks have more room to run especially if we hold the 59 area for Citi specifically.
Banknifty Expiry Day rangewe present the blueprint of range for today's expiry as BN is opening gap down.
$MS - Bullish extension beyond ATHA push beyond $76.67 opens some extended targets into ATH:
TG1 🎯- $77.56
TG2 🎯 $79.21
extended TG3 🎯 - $81.50
extended TG4 🎯- $85.20
Invalidated below $70 ⚠️
We are in $76 calls for 1/29
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Bullish on banksMS showing great upside on here, but always keep both scenarios in mind. My long PT is 91 in a strong bull case and with current market conditions 57 short
Kotak bank taking support to trend higherKotak bank would be one of the champions in the banknifty rally and you just cannot ignore it. It is also taking genuine support at the points indicated.
WFC Analysis Broke through (yellow) line of resistance and set a new high at 30.52. Will look to play something after another breakout of that price level (30.52) to catch newer highs.
GS long idea, over 273 for ATH. Buy time and go long if youre trading options. Otherwise bank buybacks are going to be a huge pump for the start of 2021!
$GS - Ascending Triangle into JanuaryAscending Triangle on the 2hr into the end of the year following a strong run in Q4.
Bullish news by Fed regarding bank buybacks that has yet to be taken advantage of by $GS.
Entry: >$263
TG1: $269
TG2: $276
Extended TG3: $283
Invalidated: <$254
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