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GBPUSD Long 11/10/2024Asset Class: Forex Income Type: Weekly Symbol: GBPUSD Trade Type: Long Trends: Short Term: Down (1H, 4H) Long Term: Up (Daily) Set-Up Parameters: Entry: 1.30616 Stop: 1.29970 TP1 1.32519 (3:1) Trade idea: 4h DBR at breakout, Downtrend Reversal to Uptrend RSI oversold and showing strong Divergence. !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: **When price hits 1:1 or T1, consider moving stop to entry in case of pullback. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Long
by MESHANL
All possible XAUUSD scenarios in the 4-hour timeframeScenario 1: The price will decrease from this area and reach the nested demand in the larger demand of the 4-hour timeframe. Scenario 2: It moves the same as scenario 1, but the price drop is more and it reaches the second nested demand in the larger 4-hour demand. Scenario 3: Collect the liquidity above the four-hour supply order block, the Inducement is in the range of 2653, that means the price will increase and collect the liquidity above the Inducement, and then it will decrease. Scenario 4: The high price of the indusment stabilizes and moves towards the price ceiling, the ceiling is 2685. If the price stabilizes above this area, a structural change or CHOCH will occur and the 4-hour chart will rise again. Scenario 3 is most likely to happen Which scenario do you think is more likely to happen?
OANDA:XAUUSDShort
by mhbaniasadi