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Banktraders

USDCAD - Smart Money Concepts Institutional Order Block StrategyGood Day! High-level summary of trade: i) 'Support' sitting at structure with 78.6% fib, induced Retail Traders to buy too early ii) Break and re-test of support encouraged a Retail selling frenzy iii) Both types of Retail traders above, would have likely been stopped out iv) Our first trades were stopped at BE v) Re-entry based on Wyckoff schematic, with 'Spring' confirmation, before swing trade with TP3 R/R in excess of 9.0 Let me know in the comments below: what you thought of this trade? Check my profile for more info on us, and how we trade. Cheers!
by FiguringOutFinance
GBPUSD NEXT SESSION IDEAS (Long)Supppp snipers, hope everyone had a greed day today. So i got another play for yall. Check it out, GBP has been rising fairly consistently today, at least for the latter half of the day. So with this in mind, we can safely assume long positions until we see some form of major rejection. As i have marked in the ellipse, the three candles basically confirm the direction to continue upwards, the third engulfs the second and the second and the first have the same size body. On top of that we are on top of the 2 EMA's. Price action is very strong in the bulls direction and i will continue to wait until we hit the first resistance i have marked. Depending on price action we will adapt to the market. It is possible to see a pull back then a continuation from that level, or the level could just be smashed and we can follow price to the next level. Remember, use proper risk management and dont be FOOLISH. TRADE SMART< TRADE ACCURATE< TRADE PRECISE FOLLOW FOR MORE!!!!
Long
by fastboiijd