Following Price action, I have had to constantly adapt and update my positions to take advantage of the market.
We have currently broken structure on the H4, however, we have not had any significant pullback to any of the golden ratios: 38.2, 50, 61.8. Instead price has continued in a mini trend.
To complete the trend and following the impulse of price action, as long as price does not break below 1.20234, I am expecting bullish actions to 1.2166 (38.2%), and then a sell off to 1.1713.
As always, trade cautiously. Happy New Year ;)
We have currently broken structure on the H4, however, we have not had any significant pullback to any of the golden ratios: 38.2, 50, 61.8. Instead price has continued in a mini trend.
To complete the trend and following the impulse of price action, as long as price does not break below 1.20234, I am expecting bullish actions to 1.2166 (38.2%), and then a sell off to 1.1713.
As always, trade cautiously. Happy New Year ;)
Note
Price has broken low I was watching. I believe we are going to break 1.19924 before we see any bullish move.Note
For this morning, I would be looking for this price action for a sell Note
Price broke the high, sell entry cancelled.Note
London breakout: If price breaks the swing low, I would change my bias to sell, and go for the original sell target.Note
lol. This is the life of a day trader. My bias has changed like I indicated. I would be looking to sell from the 78.6Note
cancel the sells. Price action has invalidated itTrade active
That was a good trade on GBPUSD. I would be anticipating at least a pullback to discount before bullish price action to 1.2166Note
I have been watching Price action and we did not pull back into discount. This is a forecast: I would be watching for price now rejecting the 38.2% of this last swing to break structure before it comes back into discount. If Price doesn't reject the 38.2, I would wait for an entry at discount (1.20371).Trade active
It's nice to see Price action following predictions.Trade active
This is why GBPUSD is so sweet! Note
Price has broken my low, it looks like we are going to take out the liquidity lower. Well, I am done trading for today.Note
I might not trade this, because LDN session is over, however, with Price breaking that low, the next possible price action should look like this:Trade closed: target reached
The buy scenario is over.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.