GBPUSD Bullish Until... -JordyDaddyFX
There is liquidity sitting above the highs see how there's a triple top.
rice can go ahead and sweep those highs off if DXY will continue to be bearish.
Until then my BIAS on DXY remains BULLISH.
I will buy off on the 1H chart when it touches the OB or fills in the FVG by it.
I will take partials but keep in mind price won't likely go to those highs if DXY will become bullish.
PROTECT YOUR PROFITS BY TAKING PARTIALS!
I cant stress this enough if your bias is wrong to where TP and you take partials at least you got paid for being wrong! :)
Cheers until then,
GLGT
Smartmoneysetup
USDJPY Smart Money Play (Idea)FX:USDJPY On the 45M chart I noticed a solid sell to buy candle. No wicks. Seems like an institutional candle that needs to be mitigated. Plenty of imbalances in the bullish candles following that need to be filled. IF ( BIG IF) we see USDJPY have a large pull back, I think we could see a buy at the 104.765 area. SL is less than 20 pips with a great return, almost 7:1, to the high. Crossing my fingers for the pullback.
US30 Possible Sell SetupSmart Money is soaking up liquidity
This whole zone including the possible h&s patterns completion is within a zone a range of consolidation on higher timeframe thus you can view it as a market top and potential trap zone.
The USD still has room to breathe and reach within the zone of 100.60-105.60 before it tops and consolidates on higher timeframe
EURGBP Short Setup Long-TermBeautiful Wyckoff Distribution Schematic 1 on the weekly timeframe, price is now creating the LPSY which will break the ice for the next drop to occur sending price on a markdown.
Nice Smart Money Sell Setup. They tricked dumb money into buying allowing them to enter sells at discounted price levels. Price has settled below the WAP where it is now creating the final LPSY of the Wyckoff pattern setting up another discounted sell entry price.