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Institutionaltrader

GBPUSD NEXT SESSION IDEAS (Long)Hello Snipers, im back once again with a potential setup. Today's trading session was good as i listened to my ideas for once and did not hesitate so im happy about that. Hope you all entered the trading week on a positive momentum. But anyways, lets get into the setup. So currently as we can see, the current trend on a bigger time frame is upwards, so we are going to be favoring buys over sells. In this instance if we are looking for a long position, we want to wait for price to hit the upper resistance that i have marked (somewhere in the 680's) and based on PRICE ACTION, we will wait for either a rejection at this level, or if the bulls have enough power, we want a break AND a retest unless the bullish braking candle is strong enough to push price high enough to where we have confidence for entry on a buy. Remember to use proper risk management and have a MENTAL stop in place. Please use patience and dont rush the chart. If we want to short, we can wait to see if we have a rejection at the resistance and if we do we can be safe in shorting to the lower support and further waiting for price action to tell us of the next move. Pretty simple setup today, or rather next session. Trade safe, TRADE PRECISE, STAY SCOPED SNIPERS!!
Long
by fastboiijd
GBP USD PRE NY SESSION ANALYSIS (LONG?)Today is one of those days gbp is going to test your patience. I say that because in the beginning of the NY session we see a lot of rapid moves and reversals from the 2 levels i have marked on my chart. Lets dive in a bit: So first off, we are going to establish the commanding trend right now and believe it or not, that trend is upwards transitioning to sideways. This is because we broke the downtrend with strong upwards movement. This being said allows us to be more favored towards longs ONLY IF we see supporting price action to our set ups. LONGS: So if i want to enter a long, i need to see a bounce at the bottom level with strong upward momentum... it can be difficult to judge this rapid movement provided by the pair so im probably going to wait for a more structured move and let the pair loose a little bit of volatility to minimize risk. If we bounce on bottom, we can potentially rise back to the resistance and hope to see a break of said resistance and ONLY then will entering a long be less risky. SHORTS: As for entering shorts, if we see that price is pushing much harder to the downside we can prepare to enter a short, eventually hoping to break the support, retest it, OR have a strong bearish candle close below the support followed by another strong bearish candle. Im essentially waiting for price to become more structured to take a position, although we can scalp the chart either direction in this price channel, it is far more risky to do that since this pair likes to make sharp moves especially at this time of the session. Trade safe Snipers, Like the IDEA if it makes some sense or if you appreciate my analysis; i really appreciate the support guys :)
by fastboiijd
GBPUSD NY SESSION PLANS (NEUTRAL)Yeppp, another neutral, simply because this session in the morning was very undecided. Strong push up in the early morning, followed by a strong drop that lasted till maybe 3pm (ET)... That all being said, im more expectant of a short simply because the commanding trend on the 1H is downward (the dark red arrow) If a short were to form, we must wait for a break and a retest at the marked lower level. In somehow the buyers overpower the sellers, we will see a strong shoot up, maybe until we hit the top and have a bit of rejection. If going long i need to see a confirmation within the candlesticks (hammer, engulfing... ect) as well a s a break and a rest, simply because we have been selling so strongly the last few days. All this analysis being said, i hope you guys find my set ups useful, im working day by day to become the best trader i can be, and i appreciate all the likes and follows. Trade safe Snipers.
by fastboiijd
GBPUSD NY SESSION PLANS (NEUTRAL)Neutral? Yes neutral, and the reason why is quite simple. Follow me: So as we can see, price has tried (and succeeded) in breaking below the support we are currently faced with, however, buyers were strong enough to push price back up above the said level. Now what im waiting on is for price action to give me more clues about the pair's next move. Id be more in favor of a short simply because of the fact that the commanding trend as of now is downwards. If we were to see a long forming, i want to see some liquidity being built up so the pair has enough power to push up, following roughly the path i have traced out. However, if we were to see a short on this, we would need to see a break-out candle or something of the sort, its going to make itself apparent first, stop out all the buyers and take stops before it gets to push all the way down to that lower wick created by the hourly candle where my red path is marked Either way, we must be patient and allow the market to enter our crosshairs, then we can execute trades like snipers. Happy trading guys, and dont forget to follow me for more gbp usd ideas. I post maybe 2-3 times a day since im an intraday trader. Love you guys :P
by fastboiijd
GBP USD INTRADAY LOOK (IDEAS)Ok while im day trading i notice gbpusd is approaching a fairly major support level. Im waiting for either a bounce on this support to catch a little reversal action, or see the price break and retest the level to convert it to a resistance level. Im more in favor of a reversal since we have dropped a long way in price and theres a lot of built up liquidity on upper levels. But regardless, we are just going to have to wait. Stay up to date on my channel, hit the follow to keep up w my day trade ideas everyday.
Long
by fastboiijd
GBP USD PRE NY SESSION ANALYSIS (SHORT)Ok so from what I am seeing, it looks as we will be going short for the beginning of the week. Ill explain below: as we saw last week, gbp tested the upper resistance multiple times and has gotten rejected each of those times. For a short position, i need to see gbp hit the top resistance once more and get rejected, obviously waiting for confirmations from the candle sticks. Price action is all you need to pay attention to. But indicator wise, the stochiastic on the 15M chart is oversold so there could be a short to scalp pretty soo. HOWEVER, if we break past that top resistance, i want to see a break and a retest of the top level, and i will have no problem going long. If you guys found this idea useful go ahead and like it so i know to make more. Trade safe yall, i will be posting more soon
Short
by fastboiijd
GBPUSD NEXT SESSION IDEAS (SHORT)Alrighty, on today's episode of fastboii trades LOL, no seriously, before i go to sleep to take a stupid exam in the morning heres my ideas for GU. So as of now, we have been hovering at this little liquidity zone if you will, and it looks as if now it will see a drop. That being said, i may take this sell before i go to bed just to the target marked on my screen. MOVE 1: so more than likely, price will push down during the night and hit the first level i have marked IF it doesnt already push up from the point its at right now. We can likely see after price hits that first level, it could bounce back up and clear that top resistance in the NY session since there will be more traders in the market MOVE 2: If the sellers are really in control, we will see price rally all the way down, hit the support level, maybe play around for a bit and continue the move down to my second support target. after that level is reached, i would like to see a buy back upwards but we would have to wait and see the market's reaction to the said level. Either way, i am prepared for both directions and hope to make a profit on the moves. If you guys like the idea dont be afraid to drop a like, that lets me know to post more ideas on GBP/USD. Focusing on this pair ONLY until i master it fully. TRADE SAFE PEEPS
Short
by fastboiijd
2
GBPUSD Analysis for Next Morning (LONG)Ok, so my next trading session is NY session, in the meantime, im going to state my prediction for the market in the next morning session. So basically, i have 2 predictions as of now. The more likely one (in purple) i think is more plausible because of the lower volume from this time until maybe 7 am. However, the arrows in red are likely IF theres enough volume during the London session to break that level of resistance. I assume we are going long aslo because as i have circled, we have a hammer FOLLOWED by a strong bullish candle on to the upside. I also took the short right before the change in momentum. So i assume we will either hit the top resistance and pull back, or we can shoot right through it with the help of the london session. REMEMBER TO HOLD YOUR TRADES AND TRUST YOUR STRATEGY. DO NOT ENTER IF YOU ARE NOT SURE LIKE FOR MORE IDEAS LOL YALL TRADE SAFE!!!
Long
by fastboiijd
AUDNZD REAL DEAL OR TRAP ? BEARISH REVERSALHI HOPE YOU ARE DOING WELL ! I JJST SAW THIS MAYBE DOUBLE TOP FORMING ON THE H1 (MORE VISIBLE ON M15) AT THE PREVIOUS SWING HIGH. THERE IS ALSO A BEARISH DIVERGENCE. HOWEVER, IT SEEMS TOO GOOD TO BE TRUE AND I WOULD BE AWARE BEFORE TAKING THIS TRADE. AS WE ALL KNOW THERE ARE A LOT OF STOP-LOSS = LIQUIDITY ABOVE RECENT HIGHS SO I WOULDN'T BE SURPRISE TO SEE A STRONG PUSH TO THE UPSIDE TO TAKE OUT THIS LIQUIDITY ZONE AND THEN A BEARISH IMPULSE TO THE DOWNSIDE. OR IT COULD JUST BREAK THE NECKLINE OF THE DOUBLE AND CREATE AN IMPULSIVE BEARISH WAVE
Short
by Corbeau_FX
2