I hope this gives a clear idea of what we look at and look for in the markets each and every day. Feel free to ask questions in the group.
the markets are rather slow, with consolidations happening for days... waiting for strong impulses towards liquidity points in order to take solid positions.
this is my analysis on the trade. i am looking to sell GBPUSD based on the hourly. total expected run is 10 pips... this could be achieved in a week or so.
this is how to place the FIB according to Adesal's classes.
this is how we set up and place the high and the low of the day... and how we use them. if the market goes below or above these zones, and breaks structure, then we see nice low risk high reward setups.
While we are seeing a breakout on GBPUSD, we are still the channel on EURUSD holding for a flag pattern. Lets see how the week unfolds, and trade off the analysis we see.
this is what we are expecting of the pairs we trade... Lets see how it goes.
I think it is , based on how it has been behaving the last few months... Still showing bearish momentum from the Quarterly all the way down to the daily timeframe. looking to sell off Bearish entry points.
Looking to see it take out the imbalance zone, for more bearish setups.
once the market forms our pattern on the area of support, we expect a bullish run to new highs.
Looking to go up... the market is at an all time low. lets see how it works out.
If the market rejects the area of resistance, we could be looking to sell, But if it forms a higher low, we look to buy at broken resistance, and now support zone.
overall, GBPUSD is strongly bullish. I am looking to buy at higher low areas, unless it rejects the weekly, and forms our pattern to go bearish.
we are looking at buying if the market respects the support it is currently on, or shorting if the market decides to break below support and retest it as resistance.
we expect to see the market retest the previously found support before going up for the day, or possible break above the resistance and a continuation bullish
we were able to catch the bearish move... took home 3% for the day. On to another trading day.
Still seeing bearish markets... waiting to see if the market will form our pattern on any of the yellow boxes, to sell.
Once the market retests of forms a lower high, and prints our pattern, we expect to catch the drop, but, if it breaks above resistance, we will be looking to buy