Millionaire
GBPUSD Sell set-up forming. Nice potential swing trade 90Pips+This set-up shaping up so good .
We noticed that we have been in a down trend Monday we had a push up phase however I noticed on the chart there has been a loss of intent to the upside furthermore with the dollar weekly chart signalling upside movement it is clear to see why this is stalling at resistance point.
Confluences so far
Lower highs and lower lows are being created
We not breaking structures
More to be concluded on New York session
GBPJPY Outlook last Wednesday of August trading dayI Expect to see some futher continuation to the downside let's look at the reasons why.
Confluences
×Market is failing to make new higher highs nor is it creating any higher lows so it means there's a short-term loss of intent for price to roll up.
×On daily structure we currently didn't manage to close above previous lower low point
×we in a down trending market why would we want to oppose what we see happening.
Some liquidity taking and few candlesticks confirming should result in us taking sells.!
Feel free to add input because in this trillion dollar market we learn everyday
GBPJPY Current outlookAfter a surge impulse move up yesterday we seeing the market slowed down now taking liquidity in my opinion it would be best to to execute any trades till we get a break of structures retest moreover some major confluences into our pot and top it of with continuation candlestick patterns for now we waiting while liquidity is been taken out
FLOW breakout?Hey traders, noticing a lot of top crypto coins are breaking out of these long down trends. Could we possibly be coming back? Big volume, surpassed previous overhead supply. If we can hold here and pass the initial level drawn out, this would further confirm the new uptrend. Keep an eye out on quality crypto projects. Could be making a comeback!!!!
Strong TrendIn this case, the “buyers” are in full control of the trend
and there are only small bearish moments. It is very difficult
to enter the pullbacks because there will be only a small part
of them as the market will tend to push upwards. The best way
to trade in this situation is to pick up the signal at the beginning
or otherwise wait for a break out of the structure. This scenario
is called "Strong Trend"