DON'T MISS OUT ON GBPUSD SHORTS IN W21 OF Q2 Y25GBPUSD SHORT FORECAST Q2 W21 Y25
DON'T MISS OUT ON GBPUSD SHORTS IN W21 OF Q2 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅Intraday 15' order blocks
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Gbpusdshorts
GBPUSD SHORT FORECAST Q2 W15 Y25 MONDAY 7TH APRIL 2024GBPUSD SHORT FORECAST Q2 W15 Y25 MONDAY 7TH APRIL 2024
First and full most, It looks good! However, it's important to approach with caution... much like always.
Pay attention to the previous weekly closure. Yes is it showing a rejection BUT in terms of us always expecting a wick fill prior trading in the opposing direction, Would an immediate short make sense?
We need to see clear price action showing us that it is not interesting in retracting the previous weekly wick with clear bearish movement.
More on the set up descriptions later in terms of text but I trust the chart analysis speaks 1000 words.
FRGNT X
GBP/USD SellsThis pair is displaying a bearish sentiment overall on the higher timeframes.
The H4 timeframe attempted to create new highs and left some rejection wicks, failing to break resistance.
The 30min timeframe displayed a clear push to the upside which is the only timeframe to create a solid bullish move
with this in mind, the more probable result is for the bearish sentiment to continue overall.
Targets are set at the most recent daily lows.