I want to post this idea here ahead of time to see how it plays out. :)
Cable has rallied considerably yesterday, so this may be classified as an exhaustion / pullback trade. The key focus will be that it failed to continue the bullish momentum. Now to validate the idea, I need 1h to break key bottom structure and CLOSE below the structure. Zooming down to M15 will allow to wait for a confirmation of a lower low level to form - I am...
Liquidity purge , possible revert to take out previous 3 days highs, waiting to enter at volume spike confluences are also fibs levels. Let's see what's up.
Today I'd like to share my GBPUSD trade idea with you. We're seeing Dollar weakness as at end of July. I expect GBPUSD to continue it's rally to in and around the 1.30000 psychological level. I also expect price to react quite strongly at this level, to push to the downside. Potential downside targets can be in and around the 1.24500 level (550 Pips). Some...
A few of my confirmations are that the market has really extended itself and is showing early signs at the current level (who knows when NAS100 will ever stop skyrocketing 🤯). The lower levels are monthly / weekly fibs and possible targets (not actually a big pullback in the grand scheme), NAS100 has proved that it doesn't like deep retracements outside of...