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Cable

GBP/USD Sell AnalysisMy previous Sell position charted up for cable played out perfectly and price reacted from the OB where the TP was placed (1.35325) Now price is pushing back up to fill the un-mitigated areas from the push down. I've identified an order block and refined it on the 1M timeframe. This is where my intended entry is going to be. The target is the new OB created at the bottom of the current range we're in and I've placed the SL just above the previous high of this range. POC is currently above price and we're in a period of consolidation currently.
Short
by elliotthforex
GBPUSD Cable Short Idea Cable has been in an uptrend since the 20th of December, comfortably surpassing the key level of 1.340. The price has formed an ascending channel, respecting the upper and lower bounds consistently. Our in-house view currently is short, the initial target for this trade is located at the bottom of the ascending channel - ( 1.353 ). The RSI levels on the 4hr time frame have just started to dip from overbought regions which add to our short bias. As the US dollar weakens is possible for the current uptrend to be exhausted, if the first TP target is hit then the next target lies at 1.345. The stop loss area for this trade is just above the recent high of 1.365.
Short
by Orion-Markets
1
$GBPUSD - Price at Bullish Breaker - Continue Bullish Momentum?*SMT = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges, trendlines, channels, harmonics, etc. has any effect on how price reacts. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward Liquidity and Balance. That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas. Currently on the daily chart the price has risen above a breaker. The Breaker would be the Low High Lower Low Formation seen here: And it has come down and touched that breaker region. The breaker would be the last up candle in the low high lower low formation. Which is in the main boxes on the main idea above. I once price touches the breaker it ususually means that there was a missed opportunity for "Smart Money" to remove a short position at that area so they bring the price back down to remove the short positions and give you a "Fake out as if they are going lower. My stop loss was to take take the highest 4 hour ATR (408) or 40.8 pips and place that below the body of the breaker. I added a few pips just in cases it tried a quick stab stop hunt. As it approaches the 1.35500, 1.36000, or even the 1.36500 mark price has a t endency to sweep those areas 10-40 pips before pulling back. Being that the next daily bearish order block ius neath e 1.36000 I would expect it to sweep at least half of the bearish order block which is approximately 40+ pips on this chart. Open: 1.34975 SL: 1.34545 Max TP: 1.36470 More than a 3:1 ratio with almost 150 pips to gain if my analysis is correct. This is a swing trade and we're hoping to find the bottom of that swing right now. FX:GBPUSD OANDA:GBPUSD FOREXCOM:GBPUSD GLOBALPRIME:GBPUSD EASYMARKETS:GBPUSD KRAKEN:GBPUSD FX_IDC:GBPUSD PEPPERSTONE:GBPUSD FTX:GBPUSD EIGHTCAP:GBPUSD CURRENCYCOM:GBPUSD
Long
by BodiesXWix
2
ICT OTE EUR USD - BACKTESTING when you are back testing, Make sure you are actually seeing what you are doing, its so important to look for things that you aren't necessarily trying to see, For example, I spend way more time studying my losses during a back test so that I can try to identify something that may have saved me from pulling the trigger. but in this instance, Something I have never really spotted before with the OTE set up, Look at that correlation between price movement and divergence on the volume. Volume tells the story here, Price pushing hard to our level, Then volume strikes out, Unfortunately I cannot provide a lower time frame image, But feel free to look at NY session 10 NOV 21 and see it yourself.
Short
by hunterprotocolFX
11