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Cable

ICT Short EURUSD OTE Entry (just mute, I cannot disable laptop mic) Another example of an NY trade today, Shorted the higher time frame bias, Have marked the chart up to show my logic, When you determine what you are looking for to fit criteria pre market and pre trade IE ( A rules based system) its much easier to sit back and wait for the boxes to tick themselves, I dont force trades and I don't make the market give me something, I just ride the wave. This is another FTMO DEMO ACCOUNT pass for me while still testing this Strat, in just this trade. The market is making these moves everyday, Deciphering the chart and looking for evidence is all I do, It doesn't need to be more complicated, I truly believe that, I know my chart looks dirt but I've written all over it for this video and I'm also colour blind so trust me, In my eyes its beautiful (lol) - Side note, If your studying ICT or OTE etc etc hit my inbox to join a discord with me, I'm not selling anything I'm not looking for anything other than to exchange ideas with like minded people as trading is a lonely game, What ever stage of your journey you are at. Hit me up lets start a conversation, Especially if your a London / NY session trader..
Short
by hunterprotocolFX
1
GBP/USD may drop first before it pulls back to the upside. GBP is a bit under pressure after BOE delivers a dovish statement. But GBP/USD is still supported because of the USD's weakness. Market commentators said that the sanctions announced by the US against Russia on Tuesday weren't as harsh as feared, facilitating the broad rebound in risk assets and selling pressure on safe-havens. Market commentators also noted that US officials also committed to implementing further sanctions on Russia if needed. But still, GBP/USD has big chances to go upside. 1.3640/1.3650 is identified as a trendline and horizontal resistance from the price zone. So, as long as GBP/USD is below the resistance level, it has chances to drop first. But if GBP/USD can break above the trendline resistance, the scenario will be different than it has a long way to go upside. On the other hand, 1.3500/1.3480 is a powerful support zone. So, as long as GBP/USD is above 1.3480/1.3500, there will be a strong upside bias. So, if GBP/USD drops nearly 1.3500/1.3480 price zone, it may be a wise decision to play into buy with stop loss below the 1.3420 price zone. On the other hand, If GBP/USD breaks above 1.3650, there will be an explicit confirmation of upside breakout. Our first target to the upside is 1.3740/1.3750. Breaking above 1.3750 will open the door for 1.3820, and the final target to the upside is the 1.3950/1.4000 price zone.
Long
by Gold_Trading_Expert
2
EUR/USD Where next? Possible Bullish scenarioLooking over the daily on EURUSD, I noticed that it appears the ICT concept of the market maker buy sell model has been completed, This is something I need to revisit so that I can utilise better in my analysis however, From what I remember it would appear that all stages have been completed, Including the final "break of structure initial consolidation" stage. Another thing to notice, This final stage on the right appears very similar in a fractal pattern to the original stage on the left. Notice the candles tell the same story in the same stages 1. Initial downward impulse 2. Consolidation (accumulation of orders maybe?) 3. A break of structure that would have taken liquidity (stops for anyone who went bullish and rolled stops to recent structure, A typical retail scenario) 4. Break of structure to the upside that did the same. 5. price runs above the relative equal highs and continues in the bullish trend. Another thing to pay close attention to here, The green boxes through the larger fractal, these are imbalance candles ( an area where price was pushed through without the candles entire print being revisited for mitigation etc) Price seems to always return to these areas to draw on liquidity or re accumulate orders. What is interesting is, On our last stage and recent two boxes, we have 2 daily candles that have these areas. Does this result in EURUSD continuing to the upside from next week? We will see, However, Some great points to visit here to refresh knowledge.
Long
by hunterprotocolFX
GBPJPY: Inside Bar Breakout 4-2-2022GBPJPY – SPOT GBPJPY: Inside Bar Breakout 4-2-2022 Price Action: Price exploded higher from the Inside Bar Breakout Pattern that had formed, earlier this week (We suggested buying the breakout above that pattern in the February 2nd LTTTM Newsletter). The recent Bearish Fakey Setup, failed (We did not consider trading this setup and hopefully saved some of you on this market). Potential Trade Idea: We are still considering buying if price pulls back to the current Inside Bar Breakout area.
Long
by UnknownUnicorn393254
1
$GBP - Cable - Where to next?GBP - Where to next? Looks very interesting on a higher time frame, we could decline further , IF we go below 50 EMA daily close below I expect 1.34200 & lower areas to come into action. If we have a pull back more above than 21 EMA area, I expect bulls to get back in control and re-test the areas of 1.36 higher areas near 200 EMA anywhere above that the TL down would be a good target areas. However, for this current moment of time, the bears are firmly in control and I have taken partial profits. Don't forget the key fundamental data of FOMC, PMI's etc that could impact the majors this week. Have a great week ahead & take care, Trade Journal Disclaimer: Not Financial Advice.
by Trade_Journal
GBPUSD Short Idea GBPUSD has been in an uptrend so far in January after the continuation of the weakening Dollar. Our in-house short-term bias is now short as Cable has been unable to pass the recent high of 1.36426. Cable has also been setting lower lows, which in conjunction with the overbought levels on the RSI indicator, adds to our short bias. If GBPUSD is unable to surpass its recent high then it's likely for the trend to reverse and make a retest of around the 1.36 area. The stop-loss area for this analysis is located just above the recent high at 1.37.
Short
by Orion-Markets
3
GU ShortsCurrently price is in a bearish trend and is making LL and LHs. We have just stepped out of this trend by not creating a new LL. however NY and LDN sentiment has been bearish the past few sessions at these levels we are pushing up into now so I'm looking to try and get an entry at the 78.6% retracement and then for the NY session to have a bearish sentiment pushing us down to form a new LL. We are following the trendline nicely and have just had a BOS to the downside.
Short
by elliotthforex
Elliott Wave Analysis: Cable Is Back To Bullish ModeHello traders! Today we will talk about Cable (GBPUSD) in which we see quite clear bullish development from Elliott Wave perspective. As you can see, Cable made only a three-wave A-B-C decline since June 2021 highs, nicely connected within channel range and with equality measurement of waves A=C. It clearly indicates for a higher degree wave IV correction, especially after recent sharp and impulsive reversal from 1.3160 lows and back above channel resistance line that confirms lows is in place. So generally speaking, we remain bullish on GBPUSD while the price is above 1.3160 invalidation level, especially if breaks above 1.3850 region, just be aware of short-term pullbacks before a continuation higher, because US dollar index is still looking higher. Trade well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast
5