DrRoach2

DrRoach2

Still playing off the 4h bearish trend that GBPUSD is in. We have traded the pullback all of the way back up and are now once again approaching the 4h supply zone. I am looking for a reversal in market structure on the lower time frames to confirm the continuation of the bearish trend on the higher time frames. As this is a continuation trade expecting the...

DrRoach2 Updated 

This is possibly my favourite setup to trade. GBPUSD is in a strong bearish trend on the 4h chart and we have created a new LL today. We know that the market moves in waves so after a LL we get a pullback to make sure that the market moves efficiently. Price has broken out of its downward trend on the 5m and I am now keen to see it break the 15m CHOC mark. If this...

DrRoach2 Updated 

GBPUSD is in a down trend on the 4h chart. Strong equal highs have formed on the 15m chart. Wait for price to break these highs to unlock the liquidity and then look for short entry opportunities to continue the short trade targeting the 4h LL.

DrRoach2 Updated 

Still confident in previous idea just feel like I went too early. Change of character to the downside on 4h.

DrRoach2 Updated 

These are the three trades that I will be looking to take next week. Trade #1 2.93:1 short trade to 1h demand zone. Price has aggresively rejected from the 4h LH and has also formed relative equal highs (this is important for the third and final trade). I am expecting price to push down to the 1h POI (trade #2) which is also below equal lows. If price pulls...

DrRoach2

GBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart. I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly. Trading opportunities will be: Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades). ...

DrRoach2

GBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart. I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly. Trading opportunities will be: Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades). ...

DrRoach2

Two long setups on GBPUSD. Price has broken CHOC on 1h. First target is 4h LH and second target is 4h supply zone at daily extreme.

DrRoach2 Updated 

GBPUSD is in a down trend on the higher time frame charts. GBPUSD is in a down trend on the 1h chart. Price made a new LH a 13:00. Price broke structure and left behind inefficiency on the 10m chart. If price pulls back up into the 10m entry zone I will short for a (currently) 2.64:1 risk to reward.

DrRoach2

Price has broken CHOC on the 1h chart signalling a switch to a downward trend. Price is in a downtrend on the 1d chart. Inefficiency has been left near the extreme of the 1h downward leg on the 15m chart. 3.25:1 risk to reward is enough to make this trade worth taking. Target is a new BOS on the 1h chart.

DrRoach2 Updated 

1h chart has broken down trend structure signalling potential reversal to the upside. I am waiting for price to move higher to enter short positions. Price has left area of inefficiency on the 15 and 10m charts. I will look to take a long trade to the BOS on the 1h chart from the inefficiency.

DrRoach2 Updated 

Price is in a downtrend on the daily chart. Price is in a uptrend on the 1h chart. There is a daily and weekly demand zone @ 1.28718 that I expect price to move down to before making a new HH on the daily. There is a big inefficiency left by the candle at 7:00 on 16th October. Entry is the supply zone 1 candle before and TP is a new LL on the daily chart.

DrRoach2

The 1h chart is in a down trend with new LLs being formed. The trade is more of a "risky" trade as I am expecting price to pull up to the 10m entry zone above and explained in a previous post. Why am I taking this trade if it is "risky"? If this trade does lose then the second entry that I have talked about previously is now almost a 10:1 trade and so will cover...

DrRoach2

The daily chart is in a downtrend. The 1h chart is in a small uptrend. Price may brake internal structure on the 10m. Price has left inefficiency on the 10m at the top of the move down to break internal structure (if it breaks). If price creates a new internal LL on the 10m: Wait for price to pull back up to the inefficiency on the 10m and short targeting a new...

DrRoach2 Updated 

The 1h is taking out the previous HH. Price has left a large inefficiency behind. If price closes above the HH on the 1h I will wait for price to move back down to the 10m entry zone before taking a long trade.

DrRoach2 Updated 

GBPUSD is in a down trend on the 1h timeframe. Price has just created a new LL on the 1h timeframe. There was an efficient move down on the 30m timeframe starting at 13:00 and being rebalanced at 14:30 (our entry candle). At 14:30 price again moved down leaving inefficiency behind and creating a new LL on the 1h timeframe. You could try with a tighter entry using...

DrRoach2 Updated 

Price is in a down trend on the 1h. Price is at the extreme of 1h leg.

DrRoach2 Updated 

GBPUSD is in a down trend on 1h. Price has just created a new LL. Price made an impulsive move leaving inefficiency starting with our entry candle at 7:40 (10m timeframe entry). TP is targeting demand zone on the 30m chart. You could target a new BOS for a smaller TP but higher probability trade.