M6B1! trade ideas
Buy GBPUSD / 6B1- Downtrend Anchor is broken
- Bullish movement to upward.
- Retest for the broken key level (anchor).
- anchored-VWAP and Value area is above the price with normal distribution.
Will be spiking at 6B1! Futures ChartWill be spiking at 6B1! Futures Chart
6A1! CME, therefore you should buy it in 30 minutes as long as the candles do not break the trend line
TRADE #2 / Short 6B / 1-2 Risk & Reward / Reversal TradeFeeling confident. Solid indicator confirmation. Head & Shoulder structure. Potential risk is current trend line, need to break it.
GBP Test 4+1 High time frame (1H ~)
+1 Trend trading
+1 minor Support Line
+2 Buying power check
+2 Inverted candle
Strategy Quality 7 / 10
GBPDon't trade your position in one trade. Allocate in blocks and average them like an institutional trader.
- Noncommercial long positions have increased by 3,6% as short positions have decreased by 4,3%. Long contracts remain less than short with 2K.
- Long commercial positions have decreased by 3% to 80K, as the short have increased by 3,1% to 76K
GBP sell positionsA very high volume wide spread pin bar appeared today during US session at 1.3858 (chart 1).
This is due to EMA 200 on a weekly basis. As already mentioned, Moving Average 200 is common used by investment banks, as they open positions there (chart 2).
The closest resistance level is the zone between 1.34 and 1.35 (chart 3).
Since we have high activity around 1.3860, it is a good sign to open the first block of short positions
Trade Record 20.10.01 GBPUSD Long
Cable have pennant pattern for trend trading
Maybe stop loss is quite tight, but trend is alos very strong, so i bet on cable's momentum.
Trade Record 20.09.30 / GBPUSD Short
Cable kind of attractive pattern for short trade
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Happy thanksgiving day, everyone!
