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EURGBP - LongGood afternoon ladies & gents, EURGBP has presented us with a bullish structure. After correcting downwards to the H4 Breaker, price hunted below yesterday's low followed by giving us a Break of Market Structure on the M30. Price came down in New York Gap time to pin the M30 bullish orderblock which confirms our entry. We entered with a stop below the bullish orderblock. As the institutional orderflow is still bearish, we're just aiming for a short term target of the D1 bearish orderblock where we're anticipating a reversal based setup. I wish you all good luck and good trading.
Long
by Jiraiya_eth
1
USDCHF ShortSince my last idea, price has come back to re-induce above the previous highs and presented us with an M15 sell structure. Trading this week definitely exposes us to more risk than normal as many of the pairs are on hyper-extended runs with the exception of USDCHF. As this trade follows the rules of my system and the RR on this trade is 1:3 and above, I've made the decision to execute at the entry point as displayed in this idea. The white line delineates the H4 highs created from one of my last ideas that presented us with an excellent RR short opportunity.
Short
by Jiraiya_eth
GBPJPY, ShortGoood afternoon ladies & gents, GJ has presented us with a bearish sell structure on the M15 chart after hunting past the weekly area of buy-side liquidity. Looking for a 1:13 RR trade down to the H4 Propulsion Block with further room for downside. Disclaimer: This is just an opinion, not trading advice. Do your own research & trade at your own risk. Remember to manage your risk well by never exceeding 3% risk any given trade. Best of luck. I'll post updates on here.
Short
by Jiraiya_eth