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Gbpshort

GBPUSD DISTRIBUTIONExplanation of each zone: 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 the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. TR- Trading range UTAD—upthrust after distribution.A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD (LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.) I will update LPSY if this idea correct in the long term. IM expecting retest above to break in a wick candle of a daily or just below the previous high with higher wick candle. Previous HIGH - 1.31393 Target if this idea correct on distribution, 1.21700 SO for SWing traders WE wait on TOP or below with a higher confirmation of WIck candles on a daily time frame. This is not a financial advice, This is only my view base on wyckoff distributions and its volume that given in the charts. Trade base on your own decissions. Follow for more, WEll thank you for following , We reach 400 followers.
Short
by D1GITALTRADES
EURGBP - Will The EUR Stay As Top Dog?Analysis: Breakout of downwards trend (bullish confluence factor) Break and retest of previous resistance (bullish confluence factor) Fib "golden zone" level (bullish confluence factor) Break and retest of downwards trendline (bullish confluence factor) EUR strongest major currency (bullish confluence factor) GBP 2nd strongest major currency (bearish confluence factor) 40K long position increase for the EUR (bullish confluence factor) 24K long position increase for the GBP (bearish confluence factor) 18K short position increase for the GBP (bullish confluence factor) Comment: Whilst we don't have all of the confluence factors pointing in our favour, the most important ones that we may most attention to are. The EUR looks stronger then the GBP currently as this is what the statistics tell us, which is why we are bullish on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
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