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Gpbusdshort

GBPUSD SHORT Through the start of the week, I shorted on the GBPUSD at an OB that happened to be invalid and banks managed to pull me out at break-even, Anyways the run candle managed to be a BSL purge run. The candle reached the typical 20 PIP institutional run before staying under that. The new OB managed to reject price allowing the price now to finally plunge. Overall I'm expecting the SSL to be hit again this week. The bear market FIB states to be a premium market meaning banks would be selling their long positions now to make a new low. However, in the overall trend in general (daily) we happen to also be at a discount so I would also expect after a few SSL runs we can have a huge bullish rally to a new high.
Short
by CertifiedJimenez
Possible trend shift in GBPUSD – going long The Tidal Shift Strategy has just bought GBPUSD at 1.22868. The system recommends entering this trade at any price between 1.22692 and 1.23044. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.96118, which suggests that the GBPUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00141, so the stop loss has been set at 1.22162. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 67811 Time Issued: Tuesday, 27 August 2019 16:00:15 GMT Status: open Entry: 1.22692 - 1.23044 Limit: N/A Stop Loss: 1.22162 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
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