ForexPharmacy

ForexPharmacy

What I like to see is a change in character from a up trend into a consolidation. Consolidation is building liquidity on the top and the bottom, bankers candle breaks takes the liquidity on the bottom side and then strong reversal taking the liquidity from the top side and also breaking structure. Once the break of structure has started to reverse back up to...

ForexPharmacy

What I like to see is a change in character from a downtrend into a consolidation. Consolidation is building liquidity on the top and the bottom, bankers candle breaks takes the liquidity on the top side and then strong reversal taking the liquidity from the bottom side and also breaking structure. Once the break of structure has started to reverse back up to...

ForexPharmacy

looking for GBP/USD long

ForexPharmacy

Retracement after last week shorts, touch on order block before hoing long.

ForexPharmacy

Phase A: Phase A marks the stopping of the prior downtrend. Up to this point, supply has been dominant. The approaching diminution of supply is evidenced in preliminary support (PS) and a selling climax (SC). These events are often very obvious on bar charts, where widening spread and heavy volume depict the transfer of huge numbers of shares from the public to...

ForexPharmacy

PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end. SC—selling climax, the point at which widening spread and selling pressure usually climaxes and heavy or panicky selling by the public is being...

ForexPharmacy

Phase A: Phase A in a distribution TR marks the stopping of the prior uptrend. Up to this point, demand has been dominant and the first significant evidence of supply entering the market is provided by preliminary supply (PSY) and the buying climax (BC). These events are usually followed by an automatic reaction (AR) and a secondary test (ST) of the BC, often...

ForexPharmacy

PSY —preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC —buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by...