Ended up taking the second liquidity level. Had a very nice reaction to the sweep. A nice wick in & out, followed by big moves up, eventually reaching our target, the dashed line (the latest higher high) and put a higher high. Fed intrest rate cuts by 0.5% did the final blow. Prediction for the rest of the week: expecting a possible reaction overnight or the next...
We are still bearish, Still in the retracing phase from the looks of it. This is the second post related to the GBPUSD Idea. ----------------------------------------------------------------------------------- Break-down of current price action: From the looks of it, last week we ended up pushing up and sweepng 2 major highs. Then an instant dip back down,...
This is a Part 2 of basic, yet rich information that can save time for a begginer. Covering a part of the online space. The trading community is filled with scams and false information. Many of which are blind to the eyes of begginers. Coming into the trading space you should know the following. 1) "Mentors" Social Media is filled with frauds, around 95% of it....
The Bulls are over! Time to pull-back. For the upcoming week, expect a pull back, taking out leftover liquidity and imbalances. (white horizontal rays are major levels where price might reverse from). Since we are in a bullish trend on the higher timeframe, expect this pull back not to last very long. Make the most of it whilst you can. The benefit of it is: its...
Covering a part of the online space. The trading community is filled with scams and false information. Many of which are blind to the eyes of begginers. Coming into the trading space you should know the following. 1) "Mentors" Social Media is filled with frauds, around 95% of it. and i am not over-exaggerating when i say this. As a begginer, your eyes glow...
This is a Part 1. You might have seen the crazy hype around trading. All the flashy cars, and luxurious lifestyles. Coming into this space it wouldnt be a surprise if you had the idea of getting rich quick. Trading is not that. Trading is not a get rich quick scheme. Its not what it looks like on the internet and will never be. Trading is a very difficult skill,...