Intraday Strong Buy Alert GBPUSD Long. Alert by me,& alpahatrend
By KivancOzbilgic
When I'm quickly scouring charts I try to have 2 indicators already beaming, 1. TV Chart Patterns 2. Alpha-trend by By KivancOzbilgic. I think the indicator works well on its own with some ema's or similar.
So Alpha alerts with a 4HR Buy. I knew the volume might be a bit slow because I think people have had a gutful of this GBPUSD trading up and down & getting people long or short & then trapping them as price moves away from holders.
Anyway, the buy-setup is on the 1hr or 4hr or even 2 or 3 hr. But because price on the bigger intraday charts is sitting much lower the trade is not advisable because basically with very lite volume and momentum your long trade could get moved to a downward spiral and shorted by people already short and adding to their postition, what about a revenge trader who rushed and got done in the previous trade going Long GBPUSD and got shorted lower.
What about big-money from bankers executing block orders to buy-side. Do you think that might interfere with a Short trade?
Here is a chart of GBPUSD. Look at the accumulation so far on the Alpha-trend moving average. Could it be a fakeout and ready to fall-over from Alpha-trend into bears trend.
By KivancOzbilgic
When I'm quickly scouring charts I try to have 2 indicators already beaming, 1. TV Chart Patterns 2. Alpha-trend by By KivancOzbilgic. I think the indicator works well on its own with some ema's or similar.
So Alpha alerts with a 4HR Buy. I knew the volume might be a bit slow because I think people have had a gutful of this GBPUSD trading up and down & getting people long or short & then trapping them as price moves away from holders.
Anyway, the buy-setup is on the 1hr or 4hr or even 2 or 3 hr. But because price on the bigger intraday charts is sitting much lower the trade is not advisable because basically with very lite volume and momentum your long trade could get moved to a downward spiral and shorted by people already short and adding to their postition, what about a revenge trader who rushed and got done in the previous trade going Long GBPUSD and got shorted lower.
What about big-money from bankers executing block orders to buy-side. Do you think that might interfere with a Short trade?
Here is a chart of GBPUSD. Look at the accumulation so far on the Alpha-trend moving average. Could it be a fakeout and ready to fall-over from Alpha-trend into bears trend.
By KivancOzbilgic
Note
I think I saw some sellers entering as I just logged out.
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