August 2009 we had price make a significant lower high in the market since the trend was bearish, price failed to make a new low and Aug 09s high was cleared in November 2013 this break shifted the market into Bullish territory giving us new highs at 195.885 the market traded lower into May 2012 OBs (orderblocks) and started ranging in an accumulation phase...
Two alternatives both buy setups 1841-1836.80 stop hunt of relative equal lows around 1843 then bullish change in trend for confirmations Immediate buy since price has already filled up imbalance and picked up orders at 1847.9 we may push higher.. both orders targetting 1876.5
Couple of options looking around 1.24405 -1.23436 for bullish change in trend confirmations target 1.26585
GBPUSD hit Weekly support level around (1.21677 - 1.20495) on 12th May, accumulated orders and started rallying to the upside on 13th May, this rally broke multiple structures (highs) on the lower timeframes Strong bullish momentum breaking through equal highs at 1.24072 forming significant higher highs, broke another significant high at 1.26376 today (27th...
Looking short for short term at least until 1832.47 before we can go long, or we can look for long setups around 1836.45
I wont describe this too much , just look for longs within 127.276 - 126.935 and target 128.753 (100+pips) Confirm with other factors and use proper risk mgt
Will be looking for USDCAD Longs below 1.26646 with change in trend confirmations Targetting 1.29957 (250+pips) Happy Trading & Profitable week fam..
2nd March 2009 - 1st June 2011 Strong Bullish momentum breaking through Feb 2008 Significant High at 0.82169, This rally created a new ALL TIME HIGH AT 0.88363 Price has been trading within this range(0.48908-0.82169)for about 10years now 2nd March 2020, The market dipped in hunt of Stops against 3rd Aug 2015 Support at 0.61629 and rallied back up into the...
Okay I have a couple of options here!! price rallied all the way from 0.82498 on the 14th April and broke a significant high at 0.85129 on 5th may Also stop hunted retail resistance above 0.85988 and we have the market looking for lower prices but because of that April-May Break of structure , I remain bullish within this price leg and i see multiple equal...
XAUUSD is looking bearish for short term ahead of NY session We had strong Bearish momentum on 25th May after price cleared highs at 1865.47 looking left this led to a strong bearish displacement causing price to break a significant low around 1847.02 NY session opening shortly and we see price consolidating on lower timeframes generating...