Orderblock
GBP USD Head and shouldersOn the daily we hit the daily supply of orders to short. This morning we saw an impulse and rejection wick.
The daily has formed a big rejection wick.
Looking to the downside
Swing trade target 1 = 1.22
Target long term will look to be 1.15.. however short term target [ supply is strong and will have a retest zone around 1.246 we can see however, GBP is overall weak.
For this have a wider stop and will extend to 1.2520
Good luck and enjoy the swing on this one.
Thanks Lupa.
Bitcoin Continue LongIn the original analysis I assumed we were going to get a deeper retrace on our B wave, but after this recent high was taken on Bitcoin, it's hinting that the B wave is at an end and we can finally continue up to our C wave. I'm long due to the high being taken out, and an H4 breaker will confirm at the red zone once it hits 4am. I am now long after taking a small loss on my short from the other day. Original post in the related idea link.
Update, Market overview #USDJPYA quick update on usdjpy trade idea dropped earlier.
First target reached at breaker block at 108.4 mark. now its obvious the market is currently in an uptrend. expecting price to head further up now to take out liwuidity at the new EqHs created. triggering short entry at 110.
EURCAD 2 hour Block Review - February 24, 2020This trade has already been taken, not a setup
- EURCAD created an orderblock on the 2 hour timeframe.
- Block created after a break of a downtrend.
- Before the week ended I caught price breaking through and resting on this block, near the high of it
- Entry was on the block with TP at around 1.44500 which is where a previous 4 hour block was and where previous major support was found. I expect price to come to this area to create a new resistance or break through.