This pair has history respecting these kinds of price action patterns, there's a lot at stake ending the week off a what could a perfect long set up or potential a fake out before price rises
PA ended after signally a huge push to the upside, allow price to show more definition in direction before entering for a trend continuation
Impulse was affective last week, retracement ready and finding entry reason around the bottom of the channel.
After not entering at the most aggressive area for our structure based trade, I waited all week for UH to set up with a more defined direction and seems to be we will be speculating for an exhaustion entry following our 3:1 ratio.
PA has gotten to a major level of structure where price has reversed multiple times with significant pushes to either side of the market, I'm willing to let price action set itself of for a Long opportunity for this upcoming week and next, possible 2 week hold if price decides to respect the swap lv. and Bulls enter this pair with the same kind of force.
After a much rather heavy bullish run, I believe the greenback still has this pair under their control as price may be tempted to accumulate here at this current local support, if a triple bottom is formed, it'll respect our optimal risk to reward for entry as close as we can get price to retest the previous 2 hits on support.
After careful observation on this pair last week, it seems to set its self of nicely for a long opportunity that would be very optimal for our risk-reward. Going further back into historical data, double tops and double bottoms both are strong reversal patterns in this pair. It'd give us great chances of price going our way if we see price close above the last...
Using the data at market closed is one of those gambles traders tend to enter when the banks close out PA at a juicy area where Traders are likely going to go with the obvious trading entry or to gamble against it with a small stop loss. I will be waiting for a few candles to close before considering and entry as long as my ratio is 3:1. I've analyzed this chart...
I've analyzed what's to come this upcoming week and if too late to enter or if price decides to fake out then I've analyzed areas of importance where price may decide to reverse back giving us plenty of opportunities to wait for the perfect entry, respecting the 3:1 risk-reward ratio.
Waiting for Gold to Break above previous high to show more definition as to where the market may potentially head, Gold has clearly been in such a Bull Run and this Trade is a great opportunity to catch the upcoming wave.
Price Action has been struggling to break an important level of Support, PA struggling to break lower lows means that price can Potentially Reverse. An aggressive approach to this market would be entering after an exhaustion after an Engulfing Candle, dropping timeframes will give a more defined entry. 3:1 Risk-Reward is Required.
After clear price action showing us that the market is breaking higher highs along with local areas of resistance we look for the next push up that's the 2nd wave. This is an aggressive but optimal trade respecting the 3:1 ratio for risk-reward.
In Exotics price tends to move at 1. a higher pace & 2. a little bit of an unorthodox style meaning price does not always respect trends/ fibonacci/ market structure. However I will still be looking at this interesting zone to find a bullish entry due to my observations saying that this pair is OverSold.
Going along with the Bullish momentum that is being presented above, by doing so I'll be speculating price action to makes its way to swap levels in the parallel channel to find entry at a level that has been tested multiple times in the pattern.
Been speculating of this pair for 1-2 weeks and just last week it met our conditions of entry but so happened to show us our ideal entry at market close which is very risky especially without knowing what may happen over the weekend, that can put our trade into complete danger. It was better that we closed at entry and be patient on this one, the next entry would...
Here we have price coming down to a squeeze where price has struggled to break above, this area is interesting because we always have a set of rules for entry and Optimal RR is a must for every trade. I will not be entering blindly into this pair just for its interesting area but would like to let the market meet my conditions of entry and show more definition as...
With price coming down to its last moments before an Impulse Breakout, we prepared ourselves with the right conditions to move Bullish in this Opportunity as it has finally rose. With proper RR executed, Market Opened at an Ideal area that entry is possible along with proper Money Management.
I can't help but to notice an excessive amount of Short Ideas appearing in this chart, I do see how price could dump in this scenario but being GBPUSD, I know there's a lot of market manipulation and wouldn't be surprised to see another turn around in price regardless of Candle Stick Readings, Etc. I still see GBPUSD rising to break out of its Squeezing Pattern,...