GBPUSD -TRADE SET UP - 30M CHART - 11th Sept.23

Traders, similar to EU. Boxed area between 1.2514 and 1.2445. Resistance at 1.2588. Broke out of "box"(lower resistance). Break out/retest for higher? "Fakeout" to soak up lower liquidity before bounce? Continuation lower? Watch price action.
DIONNG

Comentário:

Traders, price boxed in between 1.2546 and 1.2501. Price broke out and made a HH yesterday. If support at 1.2500 holds we may see bounce up to yesterday's resistance. Be ready to trade either way.
DIONNG

Comentário:

Traders, after a 07:00 candle rejection(and 02:00 previous rejection), price broke out of the lower boxed area. There was a 15M retest and drop after that. Break out and retest traders win here. Risk was 17-20 pips(above the structure) and profit targets from 25-35 pips ok. Anyone catch this?
DIONNG

Comentário:

Traders, we are coming up to NY open(13:00). Monitoring price to see if it moves to lower demand/liquidity area and whether it breaks lower or bounces higher(support level). Watch the 15:00 candle at areas of interest.
DIONNG

Comentário:

Traders, this is my set up for today.
DIONNG

Comentário:

Hey Traders, this is my set up for GU. Price is boxed in between 1.2430 and 1.2397.
Break of support on RF news yesterday. How high before the sell off? Caution with buys as we are bearish at the moment.
DIONNG