December 2022: Selling GBPUSD Pt. 8
With Price breaking the low of 1.20176, Price action changed and has clarified the trend developing.
Price rejected a major resistance zone at 1.2105 forming a 3rd wave of the trend. Therefore, my current bias is bearish, and I would be looking to sell into LDN session to the 161.8% expansion (1.1858).
Currently, we have what looks like a lower asian high, however, I expect price to take out liquidity of the NY high created yesterday to discount at 1.2088 before breaking the current asian low at 1.20149.
Remember to be adapt, and as always trade cautiously.
Price rejected a major resistance zone at 1.2105 forming a 3rd wave of the trend. Therefore, my current bias is bearish, and I would be looking to sell into LDN session to the 161.8% expansion (1.1858).
Currently, we have what looks like a lower asian high, however, I expect price to take out liquidity of the NY high created yesterday to discount at 1.2088 before breaking the current asian low at 1.20149.
Remember to be adapt, and as always trade cautiously.
การซื้อขายยังคงดำเนินอยู่
Watching for a pullback.การซื้อขายยังคงดำเนินอยู่
I will also be watching the 38.2 as a potential reversal.การซื้อขายยังคงดำเนินอยู่
That was some serious consolidation.การซื้อขายยังคงดำเนินอยู่
Took Profit at the 38.2 like I indicated. Price has pulled back sharply into a lower OB, I would be taking a buy if I see a bullish 5 min BOS. If it is a bearish 5min BOS, it would mean a sell instead.การซื้อขายยังคงดำเนินอยู่
watching carefully if price would reverse. บันทึก
I guess we are selling thenบันทึก
I am waiting for a 5min BOS for a sell entry.การซื้อขายยังคงดำเนินอยู่
I took my entry from the 78.6, target is 1.188การซื้อขายยังคงดำเนินอยู่
My previous entry was stopped out, I re-entered a new position.ปิดการเทรด ด้วยตนเอง
I have closed my position. Would re-enter a better position in LDN sessionบันทึก
I am pausing all my sell ideas, Price action is looking bullish.บันทึก
I would be looking for either of 2 sell scenarios to give a 5mins BOSการซื้อขายยังคงดำเนินอยู่
Sweet! การซื้อขายยังคงดำเนินอยู่
I'd like to clarify something: I am a day trader because I have studied the markets enough to know it is a losing trader that always seeks to 'catch' all the moves of the market. While I have an 'idea' of where and how the market might move, I am not interested in the whole move, just how I can plug in and profit on a daily basis. I am saying this to help anyone thinking they 'must always trade every market move'.บันทึก
I would be watching for this price action into NY session. Of course, I would be trading the momentum, never the correction.การซื้อขายยังคงดำเนินอยู่
Looking to add another position. 1min-3min BOSการซื้อขายยังคงดำเนินอยู่
That Price structure...I have taken off a huge partial. I would watch for continuation or reversal.บันทึก
If we start seeing a 5min BOS at that zone, Price bearish action would be over, and I would buy.บันทึก
If Price starts a bullish confirmation, I would be going for my previous target. This just looks like a re-distribution schematic.บันทึก
The confirmation for a buy setup would be a 15mins BOS. Something like this:การซื้อขายยังคงดำเนินอยู่
Current position with SL at BE. Price action is not complete yet so price might come back for liquidity. บันทึก
Remember I am following price action. I am NOT interested in some elaborate plan beyond using it as a guide. I trade what the market gives...I would buy or sell with a 15mins BOS. Watch the NY opening.บันทึก
If Price action shows retest of supply rather than demand on the 15mins, I would 'forget' the previous price action and sell. This time target would be much lower at 1.1858บันทึก
With all the consolidation going on, these are possible scenarios for BOS.บันทึก
Buy Entry would be a 5mins BOSบันทึก
blast it! setup has changed again. Sells loading.
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน