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IPA

GBP/USD - Potential SellPrice is currently in a downtrend on multiple timeframes and has started retracing from the last low it made. It has left a big imbalance in price and this could be a decent area to look for an entry. Ideally an entry slightly above the imbalance from the 4h OB. The entry area also aligns almost perfectly with the 0.88 fib level, which is an additional confluence. Will be looking for price to drop to the area of liquidity below and potentially to the -61.8 level of the fib as a take profit. There is a new release happen on the following day of this trade idea about 'Job openings' which could potentially impact the USD heavily. If the news release is a positive one, we can hopefully expect the Dollar to go up in value, causing GBP/USD to make its way down and create a new LL.
Short
by manudimamdo
3
IPA Fibbing Right Now Needs 786 Hold?IPA is the latest retail banger this week after NURO and CEMI took center stage during the first half. I took out the fibs back to the previous lows and plotted against the ATH. Interesting levels formed which showed pivot support/resistance at the 786 fib line and the 618 maintaining a secondary level of importance. After failing to break and hold above it, longs may be looking to see this 786 fib level to hold as a new support. This move was on COVID news with "potential" in the headline. So take that FWIW. Also have the upcoming corporate call next week on the 28th. " Over the last few days alone, we’ve seen seriously bullish action in the stock market. Today former penny stock ImmunoPrecise (NASDAQ:IPA) was the latest to grab attention from retail traders. On Monday (7/19), IPA stock was traded around $5 with a volume of fewer than 60,000 shares. Fast-forward to today (7/22), and IPA stock reached highs of $16.47 before the afternoon session got into full swing, with more than 60 million shares traded...This wasn’t an outlier either. Other stocks this week like Chembio Diagnostics, Inc. (NASDAQ:CEMI) and NeuroMetrix Inc. (NASDAQ:NURO) made parabolic moves as well. CEMI stock jumped from lows of $2.20 to highs of $6.95, while NURO stock jumped from around $3 on Monday to over $40 today. " Quote Source: 7 Penny Stocks To Buy According To Analysts With Targets Up To 316%
NASDAQ:IPA
by PennyStocks101
Pair correlation between DXY and GU, Possible DISTRIBUTION on GUI'm personally hoping to see, with DXY giving a potential for a short term sell-to-buy, that GU can go as far enough to take out those LR wicks, creating a UTA -as price wicked the whole body of the previous UT, one could say it broke PRICE structure, but since it didn't wick ABOVE the wicks which formed the UT, I'm waiting to see if price will cover that UT; as it IS called Wyckoff; and create a UTAD-. Looking for a short term buy, then a mid-term short IF the UTAD shows. DXY reference SHOWN BELOW (1HR): With DXY breaking 1HR structure, I'm personally standing by to see if Inst. order flow can begin taking price bullish, but with the higher TF outlook on DXY (4hr/D/M), I'd like to think otherwise.. lol. In need of some opinions! P.S Ignore my half level, Ik it's off
Short
by JaquiQuill