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Longposition

woo usdt perpetual Hello fellow traders Greetings from team Trading The Tides lets talk about Woo which we been trading for the last 3 days and made around 30% in profits . today as the FOMC is really close and there many crucial Data down the line . First of all specifically today I don't see much buying in WOO , secondly Woo is creating more and more resistance to the upside , which make me think not to trade woo until it goes back to support and on atleast 15 min time frame creates a wick which in other sense gives idea about institution getting in to take the prices higher , so I will wait till then . My second opinion about woo is to break the lows of the symmetrical triangle on 4h , 1h and then we can plan a short trade again on the basis of breakdown structure with proper risk n reward . I don't take more than 2% SL so if the trade goes opposite , I will accept the SL and look out for other opportunities . Note : I am just a technical , fundamental analyst and day trader . Any info given is not a financial advice , i am only posting what i think is right , feel free to guide if u think i am wrong plz . Thanks .
by TradingTheTides
GBPUSD LONG (SMART MONEY CONCEPT)GBPUSD has been in an uptrend for a while and the order flow can still be seen to be heading north. Recently, the pair broke structure again to the upside as indicated here by the blue line before heading down south to the demand zone that initiated the break of structure (Last down move before the up move). Price has now changed character and broken structure again. Our next liquidity target now is 1.2550 which we expect to get taken out this week. The liquidity target also coincides with a trendline coming from higher time frames. Look for opportunities to get involved in the LONG from lower timeframes like 15 mins. Remember to always practice good money and Risk management.
Long
by tonyeiyetan