Very nice, Price gave a different form of bearish pattern.
At this point, everyone can clearly see this is a reversal pattern: Head and shoulder. Price will make a pullback to go lower, so no, we haven't missed the sell opportunity for the end of the week. The 2 scenarios are possible, but with H&S pattern, it is more likely for price to retest the neckline and then give a 350pip drop. 5mins to 15mins CHoCH is the key for a good entry to sell after the retest. I would also be watching for an opportunity to buy to the sell zone.
**As always, Trade cautiously.
At this point, everyone can clearly see this is a reversal pattern: Head and shoulder. Price will make a pullback to go lower, so no, we haven't missed the sell opportunity for the end of the week. The 2 scenarios are possible, but with H&S pattern, it is more likely for price to retest the neckline and then give a 350pip drop. 5mins to 15mins CHoCH is the key for a good entry to sell after the retest. I would also be watching for an opportunity to buy to the sell zone.
**As always, Trade cautiously.
Order avbruten:
Price did not meet my expectations with a pull back. We are still on a bearish momentum, please trade cautiously.
Kommentera:
There is already a trend in play though. I think we might break target 2 before a pull back. I am interested in seeing how price reacts here.
Handel aktiv:
I am selling at the moment. SL would be carefully watched.
Handel aktiv:
Handel aktiv:
one last set of trades today: If we break above, I might be interested in buying.
Handel aktiv:
Handel aktiv:
If price breaks above, I would reduce my positions and add more after a retest. Else if price makes another pull back before BOS, I would add more to TP.
Handel aktiv:
i have taken partial profits...Anticipating a retest.
Handel aktiv:
Still waiting GBPUSD.
Handel aktiv:
😁 Sorry I am flooding everyone's chat lol. This is how I can help others. Having said that, I adjusted my TP to account for the 15mins BOS.
Handel aktiv:
Handel aktiv:
With the timing of the session, I wasn't sure price would hit my entry. This is nice.
Handel aktiv:
GBPUSD. That's the zone to watch. see you guys at TP.
Handel aktiv:
Kommentera:
I closed all my trades. Need to sleep. We potentially looking at a 15mins bullish structure with the multiple ChoCh. We might be buying in LDN session later today.
Kommentera:
Good morning
Kommentera:
I would also watch for price taking out liquidity to tap the higher supply zone.
Kommentera:
Suspend the sell setup for now. This is looking more like a reversal structure.
Kommentera:
I would be expecting a pullback and then sell to dynamic support. If we start having distribution at the 50% I would consider a deeper sell target.
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Kommentera:
Handel aktiv:
Handel aktiv:
Handel aktiv:
Trade stängt: Stopp nått:
SL hit
Kommentera:
I held to the trades of yesterday and missed something important. Well, based on Price action, I would like to see a pullback before I consider selling or buying.
Kommentera:
GBPUSD patience has yielded focus. We've got a direction now.
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Current Plan.
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following price action, I can see price would take out liquidity first before any selling action.
Handel aktiv:
Handel aktiv:
Kommentera:
Cancel the buy. SL hit my BE. Price is breaking lows, and setting up for a sell.
Kommentera:
Handel aktiv:
Kommentera:
I have 2 scenarios for Price action today, 10th Friday:
Scenario 1: Price has been creating HHs and looks like a trend. If Price does not break the recent low, the final phase of the trend should expand into the FVG just above the recent high.
Scenario 2: Price is trying to complete the sell setup and would take out liquidity. In this scenario, I would expect price to break the recent low, pull back into discount before selling heavily in LDN session for almost 100pips. After this sell, I expect a very strong buy to 1.235.
Scenario 1: Price has been creating HHs and looks like a trend. If Price does not break the recent low, the final phase of the trend should expand into the FVG just above the recent high.
Kommentera:
Price met scenario 2 requirements. I am looking to sell at the discount and buy afterwards.
Handel aktiv:
Target almost reached. Then I am buying
Trade stängt: målet nått:
Took a buy immediately.
Trade stängt manuellt:
There was no immediate reaction to that level. I have closed my trades. Would continue on Monday.
Kommentera:
I cancelled the last setup. Price did not immediately reject that zone.
My analysis for the week shows we still have some bearish momentum in play. I would be expecting a pullback before the last drop. It is important price action doesnt break the HL. If it does, every buy scenario would become a pullback for the sell momentum.
My analysis for the week shows we still have some bearish momentum in play. I would be expecting a pullback before the last drop. It is important price action doesnt break the HL. If it does, every buy scenario would become a pullback for the sell momentum.
Kommentera:
Good morning...
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if price breaks the high without retesting the demand zone, my bias would change to sell.
Kommentera:
That should be my entry.
Handel aktiv:
Nice!
Kommentera:
Price broke through my invalidation and gave no setup. I would be selling one last time, before looking for a buy setup.
Kommentera:
GBPUSD. The pattern just printed is a bearish continuation...looks like the low would be broken.
Handel aktiv:
Trade is live.
Trade stängt: målet nått
However, we must not be rigid and lose the potential for profit.Price has made consecutive break of structure on the 15mins after a strong bearish momentum. If price would reverse and break the high for liquidity before the next drop, I would be watching for the 3-drive reversal structure.
**As always, trade cautiously.