GBPUSD Daily Continuous Chart Since Dec 14 price has been weaving in between a defined range with exception of dec 28 creating a new high. I suspect we see evidence if price will be seeking higher prices confirming a bull market. Recent range is in a premium. Price is bouncing up from the equilibrium levels. Last week price took out equal lows and sell stops...
GBPUDS 15M Trading Journal It is likely to see Price come down to the bearish order block right a equilibrium range of 1.26911 before tipping its hand if it will seek higher prices to the buy side at 1.27708 or coming to the sell stops 1.26105. If I were the market maker and price is still bullish I would sweep the sell stops before rallying to higher prices.
GBPUSD Hourly Trading Journal Price started the week seeking lower prices in a distribution cycle on Tuesday, and delivered to a accumulation cycle by the end of the week. Price had resistance to go below old lows since Dec 13 rally and price has had resistance getting above the highs created dec 28. I note this because the old lows seemed to be defended and...
EU breakdown of non farm payroll volatility I felt that today was going to be dramatic and I wanted to study price moves. I suspected that EU would eventually bull rally today as the real move. In London price fake judas and taking out the heaviness of the sell side. True to teaching at 8 it captures sell side from Dec 14, before accelerating to the upside...
DXY non farm payroll high volatility notes I suspected that at the DXY would create a high probability for volitity due to the NON farm payroll. And celebrate it did. The week started by taking out buy stops because price had just taken out sell stops, then commended to a accumulation pattern suggesting for a distribution later this week considering that price...
GBP USD Non farm payroll high volatility analysis I expected today to be dramatic with non fam payroll. Tuesdays distribution imbalance created a new week low at London into NY. Price delivered and bounced upside for the third time since dec 14 leaving those sells stops in tact. Price tried again after s short consolidated on Wednesday before accumulating to the...
GBPUSD Daily Continuous Chart My sentiment from yesterday was that sell side liquidity and clean equal lows range would come down 1.26297. And boom it did! Great start to the new year! With the sell stops taken it is likely to see price come up to the NWOG 1.26797 range. There is IFVG created from today decline on the LTF that I anticipate price will want to rebalance.
Trade Idea London Price opened declining digging into the noted BISI. Then at 2 a fake swing up At 3 huge displacement not quite taking out Fridays buy stops. 4 am another swing high before declining to complete rebalance of the 15m BISI and continuing to the 15 equal lows and declining to my noted target of 1.26597 15 IFVG Spectacular delivery. I originally...
GBPUSD 15M Trading Journal I suspect that price will seek the sell side liquidity at levels of 1.27128 to 1.27016 for Mondays low target possibly lower as mentioned on my hourly analysis. 1.26595 My gut feeling it that Decembers buy side was taken out, we are in a bull market and could this trend continue. Should it seek buy stops this week above the old high...
GBP USD Hourly Chart Analysis Last week price rallied to the out most of dec 2023 buy side liquidity creating a new high on Thursday. It's likely that price could decline to the sell side liquidity at 1.26975 first target which is at the NWOP and could see price take out the clean equal lows of 1.26797. I suspect that could happen in London creating the low...
GBP USD Monthly Analysis & 2024 year notes Price repriced after Sept 2023 bear decline creating an imbalance that November repriced, leading Dec into a bull rally to seek the SIBI from April 2022. Price reached equilibrium in DEC. It seems likely that a long term price delivery to range level of 1.130072 the first target for the month of Jan 2024. Should price...
GBPUSD Daily Continuous Chart Price is delivering to the premium side of the equilibrium suggesting that while we maybe a bull market we could see a decline? I suspect that the DXY will rally to seek higher prices before declining meaning that we could see lower prices to take sell side before rallying up to the imbalances noted weekly SIBI. Sell side...
GBP USD Hourly Chart Analysis Price opened at midnight and immediately declined to sell side and reversing Tuesdays range. I anticipated that price would seek lower prices to the level of 1.26828 and was happy that it repriced to an order blocks mean threshold from last week Thursday. And with the 2 am red folder news price created a new low in London. I...
Trading Journal GBPUSD Hourly Continuous Chart Price opens drawls to the previous equal lows. Taking out the sell side liquidity to start the London 2 am kill zone. Small scalp trade idea presented. prior to the 10 am new driver and very choppy see saw action. 10 am market news driver influence taking out the previous days buy side liquidity and coming up...
Trading Journal GBPUSD Hourly Continuous Chart Friday opened to expand to the buyside creating the London high judus swing. then during NY creates a swing low not quite taking out the previous days lows before a market shift at 10 am to the buyside taking out the short term high from the previous day. It is likely that the London session could expand to the...
Trading Journal GBPUSD Daily Continuous Chart I was happy to see price deliver to rebalance the noted weekly BISI. Almost to the noted range I was hoping for 1.27445 and came short to 1.27319. With all the old buy side liquidity taken fro the market it is reasonable suspect a market retracement or a continued trend of delivering to higher prices? I suspect a...
Trading Journal GBPUSD Weekly Continuous Chart Well I am very happy to see price delivering to my sentiments of delivering higher prices to the noted BISI range of 1.27000 this past week closing at 1.27032. I m happy with that. My aggressive weekly range target of 1.28446 was not achieved last week and that's ok. I would like to see price deliver to my...
Trading Journal GBPUSD Hourly Continuous Chart I was happy that price did seek my daily targets for Monday and Tuesday last week, however my parent bias was bearish, which now I believe my parent bias is bull. With that in mind I would suspect that price will rebalance the hourly SIBI and maybe take out the hourly clean lows at range 1.25252 on Monday? I am...