following technical analysis price seems to be in a down trend. entry spot is the supply zone for a re entry
i will be going long on this candle AUDUSD is bullish in a long run and here is a support and also a demand zone am in but also watching for clues in case its invalidated at the moment price is in a resistance of h4.... so stay active incase it is invalidated
i will be going short on this candle reasons are obvious... we have a daily resistance zone double top formation and supply formation i expect price to spike up before going down if it does that then we can say we have a change of trend but right now we are still bullish in a long run and price might break the resistance but not before giving us a...
possible buy setup on GBPUSD GBPUSD still seems bullish in a long run price seems to be respecting this support when you turn to line chart you will be able to see QM buy pattern trying to form also to the left is a failed supply formation this 3 confluences are pointing buy so am in with just two position will add more 3 when price come back to complete the...
this is my last trial for today.....the news came out with two result two results came out with a buy and one came out with a sell i take this break as stoploss hunt...liquidity grabbing by big firms ' am on a sell with 50 pips stopploss reason is reaction arount the support THIS IS A COUNTER TREND TRADE DONT TRADE WITH MAXIMUM RISK OR LOTSIZE
i will be going short on GBPUSD this is much like a counter trend trade...price seems to be ranging between this support and resistant on the daily timeframe this zone seems to be a supply zone before prize reverses on a daily timeframe ..it will first range we will also be having news on jobless claimsa which i believe should drive price down stay active...
i wil be going long on this candle....the reason is price just broke the retracement structure and this will and might possible mean the continuation of the bullish trend... am using 50 pips stoploss and 50 pips take profit stay active incase the setup is invalidated to the left is also a failed supply
possible sell setup on GBPUSD if you look to the left you will see a supply formation from our last week entry then price made a bearish engulfing at 50 % of the fibonacci we entered a downtrend last week friday i am using a 50 pips stoploss and 50 pips Take profit target breakeven at 30 pips also stay active incase the setup is invalidated
i will be taking a sell from this candle price like i told you guys yesterday is in a sort of a range between monday open and tuesday open....the big banks have already summed up liquidity although there is a news on GBPUSD by 8 am ( nigeria time) we might be getting a drop back to monday open and this may continue till new week my stoploss is 50 pips from...
i will be taking a sell from this spot reason is price is in a range and while in a range between monday open and Tuesday open... there seems to be a liquidity grab...and if we check the result of interest rate last night it shows that the result came out positive for the usd this is a counter trend trade am using a 50 pips stoploss and 50 pips TP breakeven...
i will be taking a sell on GBPUSD reason is cause price is in a range between monday open and Tuesday Open zones....actually we are suppose to be in a downtrend but price wants to make the M pattern before dropping Today also we will be having FOMC meeting and interest rate release by 7pm (nigeria time)forecast has been set to come out bullish for the usd which...
i will be taking a buy from this zone price just made a bullish engulfing candle at a keypoint. and remember we are in a bullish trend am using 50 pips stoploss and 50 pips take profit breakeven before news and breakeven if in profit
am taking a buy from this candle my reason is failed supply formation and with the fact that price seems to be bullish am using a 50 pips stoploss and a 50 pips take profit...i will breakeven at 30 pips and might allow the trade to run to 100 pips if possible
possible sell setup for GBPUSD right here is a supply formation and down below is the nearest demand formation..the supply formation consist of a bearish engulfing candle and a bullish candle that should not break and close below the bearish engulfing candle....cut loss if it breaks and close above
possible sell setup for GBPUSD right here is a supply formation and down below is the nearest demand formation ..the supply formation consist of a bearish engulfing candle and a bullish candle that should not break and close above the bearish engulfing candle....cut loss if it breaks and close below it breakeven before cpi if in profit
reason for this trade AO made divergence price created demand this is a retracement to the nearest supply
this is a scalping trade AO made convergence so we should expect a retracement the first marked zone is 5 minutes supply watch for price breaking it or respecting it second zone is H1 supply.... for this trade price should close below this box if noot cut loss tp target is 70 pips
although price is in a bit of a range on the 15 minutes timeframe reasons for this trade AO made divergence (bearish) on the 15 minutes this is a supply zone of the H4 price made a supply formation on the H1 and has refused to break and close above the supply candle on the 15 minutes timeframe price seems to be struggling between a supply and demand zone...