December 2022: Selling GBPUSD Pt. 7
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, as long as price does not break below 1.20234, I am expecting bullish actions to 1.2166 (38.2%), and then a sell off to 1.1713.
As always, trade cautiously. Happy New Year ;)
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, as long as price does not break below 1.20234, I am expecting bullish actions to 1.2166 (38.2%), and then a sell off to 1.1713.
As always, trade cautiously. Happy New Year ;)
ملاحظة
Price has broken low I was watching. I believe we are going to break 1.19924 before we see any bullish move.ملاحظة
For this morning, I would be looking for this price action for a sell ملاحظة
Price broke the high, sell entry cancelled.ملاحظة
London breakout: If price breaks the swing low, I would change my bias to sell, and go for the original sell target.ملاحظة
lol. This is the life of a day trader. My bias has changed like I indicated. I would be looking to sell from the 78.6ملاحظة
cancel the sells. Price action has invalidated itتم فتح الصفقة
That was a good trade on GBPUSD. I would be anticipating at least a pullback to discount before bullish price action to 1.2166ملاحظة
I have been watching Price action and we did not pull back into discount. This is a forecast: I would be watching for price now rejecting the 38.2% of this last swing to break structure before it comes back into discount. If Price doesn't reject the 38.2, I would wait for an entry at discount (1.20371).تم فتح الصفقة
It's nice to see Price action following predictions.تم فتح الصفقة
This is why GBPUSD is so sweet! ملاحظة
Price has broken my low, it looks like we are going to take out the liquidity lower. Well, I am done trading for today.ملاحظة
I might not trade this, because LDN session is over, however, with Price breaking that low, the next possible price action should look like this:أغلقت الصفقة: تم الوصول للهدف
The buy scenario is over.
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.