GU shortsScale down to the one-minute TF to see my mark up more clearly. My reasons for going short on GU are...
+ Bearish trend overall
+Double bottoms, money sitting down below. People in long positions need to be taken out
+Voids below session low
+Asia session below void was not filled 100%
Going to wait for a BOS once we get a tap of void on 1M before entering, If I'm entering on the 1M TF I enter 1 pip in advance.
Voids
LUNCUSDT 4 Hour RSI Continues to Show Signs of WeaknessI'v Been Awaiting the 4 Hour RSI to Show Weakness before attempting a Second Short on LUNC as the Bearish Dragon Watch is still in effect and we are still trading between the 50% and 61.8% Retraces; Once the RSI breaks through the Bearish Dragon Triggerline we will likely be in full on Warning Mode of coming back down to fill most of the Voids below.
I believe that during this time we will see the RSI make an 88.6% retracement before continuing higher.
USDCHF, Reversal Imminent! LONG 1:10 +Good morning ladies & gents,
Following on from our USDCHF short idea, price has now traded back into our D1 Bullish Orderblock.
From this area, I'm looking to look for a reversal to the upside.
The market has NOT shown signs of breaking down yet on the lowertimeframes, so these boxes don't highlight my entry point. What they highlight is areas where you can take profit when the long setup presents itself.
When I enter, I'll be adding it in the comment section below so remember to follow this idea so you get notified upon our entry.
It's possible for price to trade lower from here and hit our D1 Propulsion Block. IF price trades down to this level, the setup for a long will be super high probability and the risk to reward can be astronomical depending on the size of the stop loss as per the market structure.
I will give my updates and thought as USDCHF matures and progresses.
Good luck guys!