SwingingPrime

SwingingPrime Updated 

Following Price action, I have had to constantly adapt and update my positions to take advantage of the market. We have currently broken structure on the H4, however, we have not had any significant pullback to any of the golden ratios: 38.2, 50, 61.8. Instead price has continued in a mini trend. To complete the trend and following the impulse of price action,...

SwingingPrime Updated 

GBPUSD broke structure on the daily, however, we have had no retracement since the bearish impulse began. I started identifying this expanding diagonal since Monday, and price has been consistent with the expansion. Mid-week trading on Wednesday usually sees a reversal of momentum for the rest of the week. Instead, I can see Price has completed the reversal...

SwingingPrime Updated 

I would be looking for a sell from 1.21600 to about 1.19000. We've made a lower high and broken structure to the downside. The anticipated pullback did not occur. Therefore the next target is at 1.19000.

SwingingPrime Updated 

From my analysis, I am looking to continue buying from 1.21276 to 1.23064 for today, the end of the week. I would anticipate a further buy into next week to 1.23764 before the sell continuation. This is all part of a correction. As always, trade cautiously

SwingingPrime Updated 

Hello everyone, the sells have begun. Following my previous analysis, We've been anticipating sells for the rest of the week, with indicated targets at 1.1739/1.1738. The areas I have marked on the chart: 1.24251, 1.24042, 1.23552 are possible areas of pullback with this sell impulse. It is best to wait for price to pullback into areas and wait for consolidation...

SwingingPrime Updated 

Hi everyone :) I usually play my game plan as an overall guide to my day trading for the week. For any disciplined funded trader, one of the common rule is our inability to hold trades over the weekend or continuously through a month. Except you also are building a side account like me ;). However, I am sharing my entire analysis, because we are at the end of the...

SwingingPrime Updated 

As part of my previous analysis, I am expecting a recovery on the GBPUSD to 1.24235 or 88.6%. Price is currently at a 1.618% expansion. This would be a internal retracement in the sell continuation. At 12, we have BOE interest rates announcement. This should help provide the momentum to those levels.

SwingingPrime Updated 

As detailed on my chart, I am looking for a pullback in price action to 1.22303 during market open and Asian session for about 60pips on average, then a buy position for about 100pips into LDN and NY session. A more precise TP should reveal itself with Price action. From my analysis, Monday and Tuesday should see overall bullish price action.

SwingingPrime Updated 

From my previous analysis, Price did not pullback into resistance and the upper OB, rather made a 38.2% retracement, before falling to the 88.6. I entered on the 5mins BOS, and I am expecting price action in this shape. The pullback on the shape should correspond to a 38.2% or 50% from the recent low. This is of importance when looking for an entry. We also have...

SwingingPrime Updated 

As detailed on my chart, I am looking to sell for about 50pips, and then buy for about 80pips to conclude the bullish move for this week. It's been a good ride. Next week might see massive bearish moves.

SwingingPrime Updated 

I would be looking for a pullback setup to 88.6, then a sell before the final buy of this week. Price action is showing steady exhaustion to the bullish run of the week.

SwingingPrime Updated 

Price broke the high, so my previous idea to sell became invalid. I would be look for a pullback to the indicated OB for a buy to TP. We just have one news item on the docket today. There's no more room for further downward price action.

SwingingPrime Updated 

The Buy setup held...thankfully. I gave the entry in the earlier setup. We need one more push to reach the TP at 1.22747. I would be anticipating the reversal at 1.21396 or at the demand zone. The key is a 15min BOS. I would add more positions only after the pullback. As always, trade cautiously.

SwingingPrime Updated 

My general outlook since last week as been a sell. However, we have areas of liquidity to take out before the sell for the week commences. I would be looking to buy GBPUSD for about 150pips before selling. As always, trade cautiously.

SwingingPrime Updated 

If we do not have a 15min pullback and price breaks the high, I would be expecting a resistance at around 1.2206 that would take out the liquidity of 1.21399 before shooting to TP. Manage your positions adequately.

SwingingPrime Updated 

I am currently in a sell with GBPUSD to my buy entry at 1.21340. I would be buying to TP for about 141pips for today. This is part of my ongoing buy analysis on GBPUSD. The buy setup might not have been as simple as point A to point B, but it has given direction to understanding the movement of GBPUSD.

SwingingPrime Updated 

Price action is not encouraging for the earlier setup. Well, every trader must be adaptable. I looking to sell from the 38.2% to 1.20625 about ~100pips, if Price keeps building up into supply. I would be looking buy positions after that.

SwingingPrime Updated 

I would be looking for another sell entry on GBPUSD