This is a demo trade idea to short the GBPUSD. We went into the OTE zone on the 4Hour chart while we were in a bullish order block on the USDX at the same time. We also cleaned the stops of the 22nd of October. On the 15Min we saw a break in market structure for bearish setups. We retraced into a smaller timeframe OTE for a nice short setup. Take profit would...
I'm going to short the EURUSD. We are in a bullish 4 hour order block on the USDX and we have touched a 4H bearish order block on the EURUSD. Price went lower during the asian session, and we saw a retracement into the OTE zone during London Open. Take profit is at last Thursdays low, or a risk-reward of 4
Shorting the GBPUSD because we hit a institutional resistance line which aligns with a bearish 1 hour order block. 1.5985 would be a nice target to take profit
Shorting the USDJPY because we hit a weekly bearish order block. market structure was broken on the 1H to the down side. We retraced into a bearish 1H order block and hit the lower timeframe 15Min order block after breaking Market structure. Take profit is at the next lower bullish order block
After the move down I waited for a retracement in the NY Open kill zone. Price retraced into the OTE zone right into a 5MIN bearish order block. Take profit is the low made during LO Kill zone
After the incorrect setup of this morning, a short setup which is in line with the down trend. We hit the 1H order block, take profit objective is the bullish 1H order block around the 1.2650 level
The clean stops were cleaned when price hit the institutional 1.2700 level. I expect price to go up to the 1H bearish order block at the 1.28 level. 1.2760 level is a short term take profit objective as well.
I'm shorting GBPUSD in line with the overall downtrend and declining UK yields. Divergence was seen between the EURUSD and GBPUSD 5 Year yields (EU made higher high, GU not). We are in the OTE zone of the current price range and drove into a 1H bearish order block (bullish candle before a significant down move). Stop is placed 10 pips above the swing high, take...