EURGBP TRADE IDEA Since EURGBP has been showing that it bearish and respecting resistance levels I am bearish for the time being. The market has respected the first bearish OB on a daily TF and has closed under it. Also creating another Bearish OB near the first one. I would originally like to see the market make the Tuesday high of the week and continue to drop. Maybe that won't happen because of what happened on Mondays New York session but I don't think that the market will push past the FVG that I highlighted so I'll be using that as entries for some GBP pairs. Mainly GBPJPY since it is one of my favorites and has a similar setup. The one hour bullish OB that I have highlighted is my target until price action says otherwise.
OB
BULLISH FIBERSeeing some signs of potential bullishness on the EUR/USD. Price has entered an M1 OB with resting liquidity being taken above the 0.5 of the M1 OB. We can also see a nice range forming with a nice reaction off the 0.5 level of the range and the lower-range being reclaimed and respected after a slight deviation with resting liquidity being swept. There are some nice entries to look out for, I will set them up in LTF and link here.
Always DYOR
Much love
EURCAD 2 hour Block Review - February 24, 2020This trade has already been taken, not a setup
- EURCAD created an orderblock on the 2 hour timeframe.
- Block created after a break of a downtrend.
- Before the week ended I caught price breaking through and resting on this block, near the high of it
- Entry was on the block with TP at around 1.44500 which is where a previous 4 hour block was and where previous major support was found. I expect price to come to this area to create a new resistance or break through.
KMD GodLikeKMD weekly play
361.8% is the fibo to reach all day long, just like the previous move and set another higher high. For this we need to find support above 61.8% fibo.