Waiting for a 400 pip move to the upside to the previous high. Fed interest rate decision at 19:30 London time so no trading untill then, hoping news will bring price into buy area
My idea on EURGBP over the coming days. What are peoples thoughts? I can see lots of liquidity areas that are ready to be taken, Highlighted a 1 min inefficient price action which is a target to be taken below the liquidity, also an area that will attract alot of buyers - more liquidity. I would expect some sort of fake reaction to the 77 fib area then wicking...
It's been 11 days since my first EG analysis, following price action I am watching this current area for reversals, take the sell box with a pinch of salt Previous chart
Still in strong down trend. Has the potential to drop from its current area or slowly pull back up 1.24000 area pulling in the buyers that think this is the bottom, stopping out the sellers in this latest range before carrying on its nice descend to 1.19000 area and destroying the buyers. A strong break of 1.24200 I'll consider sells invalid
Look at the yellow box on LTF (1M 3M 5M) a lovely imbalance that I expect to be filled before going to the moon
Found some good areas that I'll be watching carefully, expecting a short first to take out the liquidity below, then a push up before continuing its move down. Alerts are set to watch price action on the seconds chart at the time
Spotted a nice potential 900 pip short on EURGBP whilst looking over GBP pairs after todays interest rate news, as can be seen there's plenty of liquidity areas, looking to take these out before an impulsive move down. We've been in a down trend for months now so there's no reason to not expect a big push down. Plenty of imbalances to hit once it breaks below this...
Looking for a move similar to this, no pending sells will be entering of price action. Previous chart :
GBPUSD currently perfectly in the middle of 2 imbalances. Considering its been in a downtrend for 325 days we can expect it to take out the lower imbalance before returning to the higher imbalance. We can obviously expect some fake outs before the move, but some big big trades are coming up!!
Expecting to catch a long position to the 4th wave then a short to the 5th
GBPJPY has been in an uptrend for a while now, I dont think its over yet. I think we'll see 153.000 before a bearish turn