Gbp/usd chart Updated.

First Of all I would like to remind everybody about my last month Chart Gbp/usd and take a look at the Chart Price has rallied to from that support which is mentioned in the above chart and Now I am still look for much stronger rallies towards 1.5800 levels where recent high is posted But that is not enough as I always look for strong levels and I would surely post the chart here again Once I saw any Institutional selling and Look to close all or part of my current positions.

How I trade Pinpoint levels in Gbp/usd

As You have seen in the Above chart, How I market levels in the chart and those are not just levels those are demand levels and Look How market approach to those levels.
It is Crucial from a trader's point of view that Market maintain Imbalance when It approached to those crucial levels and that is the fact which remains a secret to trading supply and demand and watch the last candle so strongly coming out of that lows tells us that you can't trust what you see as it take the stops of longs and Now people have to cover quickly out of shorts and looking to buy when breakouts occurs on shorter time frames.

Gbp/usd chart that I posted Earlier

Long Term View of the Gbp/usd

My long term view of Sterling or Gbp against dollar is still bullish because As you have seen I try to trade imbalance and Price has manage few swings in the past to fake the breakouts and that swing also is coming of lows of long term support and I am still looking for a move towards 1.6150 levels and there on I would like to see How price behave at those levels.

I am long from 1.5200 levels and still locked the trade at Breakeven and at no risk but still I would looking to trail my entry and start locking my profits as this counter-trend swing could be the strong off from the lows and one that rejects of from high posted a sell-off.

Eur/Usd Long term view

Australian Dollar Update Imbalance Spotted

Hi, I have just recently discuss about Imbalance and then came up weekly chart of Euro Dollar

Australian dollar levels and spotted Imbalance

Australian dollar weekly chart has spotted a beautiful area of Imbalance and we have just recently open shorts from 77 cents area and that tells us that we can really get a ride untill price finds another support to rally counter trend and rally against the main trend.

What is Imbalance and How to define a trend with its help

Its really being a point of concern to How to find a trend and How to maintain a discipline and look to bring some consistency in Trading. Well, this article is just going to help you find some crucial areas on weekly chart where you can afford to risk a certain amount of money and can really find a point where you can really enjoy your entry point and bag good risk reward ratio.

Example of Imbalance In Euro Weekly Chart

Now, we discuss what is Imbalance. Imbalance is what create trends and balance creates ranges between buyers and sellers. Now you might has idea what is Imbalance. Imbalance from a point to another point could be rallying and rejecting untill we find another level where strong buyers of sellers hunting for taking their profits and setting up for next moves.
As It is stated in the chart that Market start a new trend from high and fall sharply untill it found a support but then every rally is followed by sharp rally in the opposite direction and that is strong point we need to know.

Point is that we have to find an area where market start a new trend and rally against and then create a Imabalance which could be tested in future and resume the larger trend which is short term bullish and that's what has happened exactly.

Decision Points In Trading

Welcome Traders

The point and topic of discussion today is How we find "Decision Points", in Forex. We all know that this currency market is driven by fear and we have some strong decision points which tells you about the history and price respect those areas and Market use to trap after collection Breakout Buying or selling orders. But the point here is how we can pinpoint those areas where market has taken a final decision and look to rally.

Decision Point taken In Gbp/usd Chart

Chart above shows us that Decision was taken after strong rally from bottom but it was taken at a very crucial resistance which had already cap the market

There was real chances that market fade away from this Breakout But demand was very strong and it rise from Historic Lows(Strong point as Historic Lows could be target of current rally)

Market could still easy fade away and start falling in the direction it was falling earlier and resume the trend but that decision was strong and market really ignore that in the first attempt and consumed the supply in the second

Market use to pause at crucial resistance making room for next moves or just sit here for days or even weeks but As I told you decision was made to breakout and when you see such breakouts after strong capped areas You need to start watching the charts as I mention in the text on chart.

Usd/cad at crucial resistance l Strong Reason for rejection

I will surely be trading this Usd/cad possible reversal which could give us seriously pips if reverse from this range-bound breakout and reacting to levels.

Because of the facts we have upper supply box at the top of price action and we have some strong Fakeout Bars which is still the strong supply to breach but the below separation point is strong enough to react to the lower boundaries marked and If My projection is right we could see a strong bearish momentum to reach the lower low and breach and strong bull trend could reverse completely.

I have market all the strong points on charts and this could lead to a very low risk entry but still we need confirmation and I would like to see one more test of the strong demand and then I will trade if price manage to breach that area and reverse to test the resistance once again giving me confirmation that price is  coming back to take the buy orders.