Get started

Institutionallevels

GBPUSD NEXT SESSION IDEAS (Long)Ok so gbp was acting up today not gonna lie, but thats ok ,we gonna make our pips regardless. My idea is more on the long side although i have a set up for either side; heres why: ] - Had a massive push upwards this morning - Price is being supported at the lower level i have marked - Price has been stubborn to go down today, yet when it moves up it shoots up - MACD and Stochiastics are nearing confirmation zones if not hit already (crossover on MACD lower level, and Stochiastic in oversold conditions down below. I would like to see price bounce from that bottom level to the target i have place above, however if price breaks this support, we can safely assume the move will only continue downwards since we are at relatively high price for this short term period
Long
by fastboiijd
GBPUSD NEXT SESSION IDEAS (SHORT)Alrighty, on today's episode of fastboii trades LOL, no seriously, before i go to sleep to take a stupid exam in the morning heres my ideas for GU. So as of now, we have been hovering at this little liquidity zone if you will, and it looks as if now it will see a drop. That being said, i may take this sell before i go to bed just to the target marked on my screen. MOVE 1: so more than likely, price will push down during the night and hit the first level i have marked IF it doesnt already push up from the point its at right now. We can likely see after price hits that first level, it could bounce back up and clear that top resistance in the NY session since there will be more traders in the market MOVE 2: If the sellers are really in control, we will see price rally all the way down, hit the support level, maybe play around for a bit and continue the move down to my second support target. after that level is reached, i would like to see a buy back upwards but we would have to wait and see the market's reaction to the said level. Either way, i am prepared for both directions and hope to make a profit on the moves. If you guys like the idea dont be afraid to drop a like, that lets me know to post more ideas on GBP/USD. Focusing on this pair ONLY until i master it fully. TRADE SAFE PEEPS
Short
by fastboiijd
2
EUR/GBP - Another textbook entry! Another textbook entry Long in EUR/GBP at 0.89512, utilising our multi-timeframe strategy, combined with Wyckoff and Institutional Order Flow! We used a slightly wider stop loss on our original position of -10 pips, however as always with our 'advanced self-review' we establishe we could have refined our entry and actually executed this position at a better price, in turn tightening our stop loss to 5 pips. Our maximum dd was 3 pips. 1% Locked in with our Stops at Breakeven and remaining balance / position running at +3.41% (68.1pips). OANDA:EURGBP
Long
by Phantom_Trading
USDJPY short opportunity...ish?Price conveyed a strong downtrend, then it created a pennant, which is a continuation pattern. And if you look at a greater picture, you'd see that price created lower lows, and it was far from reaching the previous high. SL is crucial for this trade. Since it's a pre-market trade, the pips spread can widen at the start of the trading week. USDJPY's spread is currently sitting at 10 pips, which is why I moved my SL 10 pips further than intended. As for the TP, then I first copied and pasted the vertical line that showed the height of the previous downtrend, matched it with the recent reversal pattern, and there goes my TP. The lowest low that the price made recently kind of matches my TP zone. Price hasn't tested any levels near that low yet, I think this is a potential Area of Liquidity. So the market can be very tempted to reach that level, I'd be fine if it is my TP. It's nighttime guys, I'll go to bed in just a sec, so bye!
Short
by NhatHoang123