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GBPUSD BACK TO UPSIDE?Goodmorning squad, hope you all are doing well, lets get this trading day started BAYBEEEE. Before we get into it be sure to leave a llike and feel free to follow because i post constant gbp ideas as well as gold. If there are any other pairs youd like to see, type them in the comment section and i will consider ther pair depending on the market for it. But without further a due, lets hop into it: As we can see, last night, or london session rather, the price of the pound was very slat, very minimal price movement, and towards the end of the london session (like very early in the US), the price decided to decline a little bit. AS of a few minutes ago, price decided to spike upwards and this can either be a major stop hunt or market maker trying to move back to the upside. My tips to you is to wait until we hit one of the levels i have marked on the upper bound area of a chart. Basically wait for a level where price gets rejected and see the price action afterwards. We would need to wait for those levels to be broken or for price to get a rejection. We wouldnt want to enter now because its foolish to enter in the middle of a move. In true honesty, longs seem more likely simply because if we takea. look at the 4H, the market is still technically trending upwards. So let's wait for price to hit these upper resistances that way we can have a safe and precise entry ito the market. Remember, mitigate risk, maximize reward. Thats what we are all about as traders, profits dont matter as profits follow good trading. Thanks for reading this yall, sorry the analysis is kind of less structured, price isnt giving me any hints as of now LOL. Remember: OBSERVE, EXECUTE, PLAY. JOIN THE PRECISION FAM AND FOLLOW ME!
Long
by fastboiijd
1
GBPUSD AT A STANDSTILL; POTENTIAL MOVES...Whats up guys, im back with another gbp idea. Before we get into it dont forget to show your support by liking this idea!! If you want to stay up to date with all the trades i post on this platform, go ahead and follow me, i post twice a day usually, unless im super focused on my charts. BUT lets jump into it: As we saw earlier today during the ny session, the pound had a massive uptrend as soon as 7:30am hit, before the NY session, price was sht down heavily as we eased into this monday. As we stand right now, we see that price is relatively flatlined, a support formed on the bottom as well as a small resistance up top. We must wait to see what price does in this channel but there are two potential outcomes in my opinion. So as i am typing this, it looks as price will break the top resistance i have in yellow. Assuming this happens, we can be safe knowing that price will rise to the next recent pivot point which i also have marked in green, As price breaks the upper level of this rectangle we can ride the buy up top or wait and see what price does at the higher target. Remember, price action is key and will always tell the move of the market, just be observant. The other scenario that could arise is we could break on the bottom of the rectangle, continue downwards as we did yesterday early morning during london session. We will use the extended wicks as price targets, we treat those as markers used by the banks so they can see where they need to move price to become break even with a major sell off or major buy. So we will wait to see what price does within this channel but either way we are patient and observant. Price action is our best friend and we will treat it as such HOP YOU GUYS ENJOYED THE LATE NIGHT IDEA, REMEMBER, TRADE SAFE, TRADE SMART, AND TRADE PRECISE. SEE YALL IN THE NEXT IDEA
by fastboiijd
EURUSD IDEAS (NEXT SESSION)YOOOOOO Back with another idea snipers, this one's looking at the EURO; so that being said i posted an idea to my GBP idea just now, ill include the link with this idea. Lets hop into it shall we. Since we know GBP and EUR have a positive correlation, we can kind of look to take long approach since GBP is looking strong in terms of the bulls power. As i have marked on my chart, i have price in this distribution box and currently waiting to see which direction price decides to jump out of. If we see a break on the lower side, we are going to have to wait for a retest since the local trend is upwards, meaning we need more confirmation for an entry. If we break on the topside however, we will wait for price to hit the resistance above (orange line) and depending on the strength of the move and whatever happens at the level we will take a long.
by fastboiijd
GBPUSD NEXT SESSION IDEAS (Long)ANNNNNNND WE ARE back with another idea snpiers. Tonight's idea involves longing this pair aas i think we will be seeing som upward action over the next couple of hours, leading us into the london session. As we can see here in my analysis, i have the trend channel which this pair is relatively stuck in and we just bounced from the trendline not too ling ago. Currently waiting for a break of the higher resistance levels so we can ride the wave up and lock in som enice profits. If we use another indicator, we can take a look at the EMA's I have marked on my chart and see the crossovers are developed which makes it more safe to assume that we will be going up. If there is rejection at the first resistance i have marked, then i will wait for a confirmation of a sell and post it on here, but as of now im feeling the long position more than a short. Thank you guys for stopping by and checkin out the idea, stay posted on my channel and dont be afraid to follow my trading view for more ideas, I will be trying ot post in the morning before NY session, its just hard waking up to post sometimes LOL i just want to focus but i got you guys!
Long
by fastboiijd
GBPUSD NEXT SESSION IDEAS (Long)YOOOOOO whats up snipers, i got another idea for you guys. Im gonna be real quick with the analysis so lets hop into it. GBP/USD has been pretty slow for monday and tuesday as far as movement but i think we finally are gonna see some plays. It looks like gbp wants to rise in price in the path i have marked. I say it wants to buy because on the hourly chart as well as the 15M chart the EMA's i have plotted are crossed over and thats a buy signal in my strategy. As of now im not taking the trade becasuse of the time of day. SO we shall see what london session brings and go from there. I rarely trade london session so im going to have to adapt to the market as we all do as traders. THANKS FOR STOPPING BUY, DONT FORGET TO CHECK OUT MY YOUTUBE CHANNEL (FASTBOII JD) FOR MY PROGRESS AS A FOREX TRADER. DONT FOR GET TO LIKE AND FOLLOW ON TRADING VIEW, I POST AS CONSISTENTLY AS I CAN :))))
Long
by fastboiijd
GBPUSD NEXT SESSION IDEAS YOOOO If you saw my other idea that i posted, i explained why i disappeared last week, but basically ive been dealing with alot of stuff. But now i can safely say that im back!! But lets hop right into the idea shall we, In this instance of GBPUSD, we can see that the local trend for the pair is downward while the overall trend is upwards. I can see a way that price can travel either direction but the fact that i know that EUR/USD and this pair respectively are correlated to medium degree. That being said, my idea on EUR/USD is more biased to a short position simply because price was breaking down from that high we formed. So thats gonna lead me to believe that this pair is going to continue its push downwards since we are already in that local downtrend. Of course ill be waiting for price to break down to the low i have marked before maing a move but if we can see some strong moves from the sellers then we can be comfortable in shorting the pair. If we see rejection at the support, we can ride price back to the local high on the 1H chart and wait for a break of the resistance. If we want to long the pair, we are going to have to wait for price to break the level with strength and possible pull back to retest. Its all a waiting game, remember to trade safe, trade patient and trade with a purpose. Thanks fo tuning in and follow me for more ideas daily! Im only getting better as we speak and you guys can be a part of the process with me.
Short
by fastboiijd
GBPUSD NEXT SESSION PLANS YO YO YO We back baybbbbeeeeeee! how yall doing, hope we started the week off on a blue note of course. If not, we still have the rest of the week to get the gainz in. Lets jump straight into this one. So GBP had a drop today but the drop was extended through the slower period of the day, around 12:30 pm to be exact (my time). I don trade past 11:30 just to stick to the volatile hours of the day. So I have to setups here, one continuing the drop we saw earlier, and one suggesting that price is making a bunch of liquidity to shoot back up during more volatile hours. Now since we are sill in an uptrend on the hourly and the 4h chart, it be more logical to be biased for a buy. that being said, price has gotten comfortable around the trendline i have marked in red. If we see a break of that trend line we can be safe in saying price will continue to drop. For further verification we can wait for price to break the support just below that trend line (in green). If price decides to shoot up, we will most likely see a break out candle simply from all the built up liquidity on this little channel we have i guess you could say. Either way, we are ready either direction price wants to go. But to be one sided im going to be looking for buys before sells simply because of that trendline moving upwards. Thanks for checkin out my ideas, hope you guys enjoy the content and dont forget to follow me to stay up tp date with my ideas daily!!
Long
by fastboiijd
1
GBPUSD NY SESSION PLANS (NEUTRAL)For some reason, the beginning of the week has been quite hard to trade, however, since we are snipers that doesnt concern us as we will just wait for the price to enter the exact setup and then we can execute. Now lets get on with the analysis: As we can see, price is relatively sideways for the early week, however i feel today we will see a bit more structured trades and its our job to take advantage of those, but only IF we can see the setups clearly and act accordingly. So, im going to start with the more likely before the last; : The path which bounces from the resistance level of course, for this to be valid of course we need a rejection at the resistance, just be patient before entering because price can shoot up and cut you out easily if your too early. This path is based on the fact that price has been rejected by this level multiple times already, which tells me we have built liquidity up top... : If price can somehow gain the strength to finally break the top resistance and retest successfully, we can confidently enter a long position and hold to the upper wick last made and go from there. Price was trending upwards before it entered this channel, so thats why i would look for a long... LAST THOUGHTS: If price continues to play in this channel, im going to start scalping smaller moves on a slightly bigger lot size since there are no structured moves at the moment. If your going to practice this, use proper risk management and set fairly small targets; the idea is to rack the small movements up while we wait for price to gain a little more structure so we can take the bigger moves. Trade safe Snipers, Precision FX posting to you daily :D
by fastboiijd
ETC Showing Long on 30mWe've just got a nice Long signal on Ethereum Classic's 30m chart. Price is currently sat perfectly on an upward support trend line @ $6.66 with the next resistance at around $6.78. This could prove to be a nice little scalp here. If you're feeling confident get your Limit orders in now (keep them tight to the current price), and you could either have a Half Take Profit at $6.78 or (our preferred option), once this level is met, move your stop up to Break Even and let that trade run! A breakout of the red resistance line could indicate a sharp move upward into the $6.82 - $7.00 trading range area, this is another place to either Take Profit or move your stops up again to lock in profits with this trade. It's always better to cut your losses quickly and let your profits run! So do just that, if this trade moves against you, kill it. Otherwise, lock in profits with a fixed stop, moving it up with every new level broken. Good Luck & Happy Trading theCrypster
KRAKEN:ETCUSDLong
by theCrypster
Bitcoin 1H Up, Down & Up Again?BTC is currently ranging in a "slightly" upward trending triangle (more of a flat on top than on the underside!) and will reach it's fulcrum at the end of the tomorrow! Our Scalper is showing Bull signals so get ready guys, things could go pop soon! Then it's a case of "path of least resistance" - bouncing off support and resistance. If support remains strong enough we'll be looking at $9700 very soon. Good Luck & Happy Trading ----------- theCrypster
KRAKEN:BTCUSD
by theCrypster