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Mr_J__fx
Jun 1, 2023 2:28 PM

GBP/USD -Flirting Resistance *W 

GBP/USDOANDA

Description


- Great British Pound seen on a more broader picture of
Weekly Time-frame *W (tf) .
Flirting with Trendline Resistance that rejected price action
on 4 times of interactions previously.
Fakeout occurance would be put to stop by 200EMA coming down as
Resistance Ceiling for GBP/USD

Breakout of Trendline + 200EMA re-testing them as Supports would give
much more room for growth regarding GBP



Below Supports

- Daily Order-Block *D OB
- Last Higher Low at 1.18$
- Weekly Order-Block *W OB




TRADE SAFE !

*** Note that this is not Financial Advice !
Please do your own research and Consult your own Financial Advisor
before partaking on any trading activity based soly upon this Idea.

Comment



PoC on *W
Point of Control of VRVP Volume Profile set on Weekly (tf)

Coinciding with the *Daily OB

Comment



Trend Fibb' Retracement
Reclaiming Golden Zone would re-claim strenght.
Lose the 0 zone and breaking last Higher Low would Change the Character (CHoCH)
of current Uptrend

TRADE SAFE

Comment



Bulls showing weakness on *W print.
Can as well be the case of uptrend continuation.
Yet to be seen ;

Comment



GBP/USD (updated)

*W (tf) - Macro Flirting Trendline Resistance break out.
Strong Bullish Candlestick break-out (price action)
Volume break-out below average

Comment

GBP/USD

Post Trendline Resistance Break-out
Forming a Bull Flag so far ( on the yellow)
More confirmation awaiting regarding the Resistance break out

Comment

Zoomed in on Bull Flag

Comment

GBP/USD
Bull Flag break-out

Comment

GBP/USD
Looking for bounce continuation on BoS level
Support below the broken trendline.
If that fails to hold, downside resumption will take control

Comments
JoeChampion
such a unique charting style!
Mr_J__fx
@JoeChampion, Likewise !
Thank you Joe :)
ibrar550
it could go upside depending on what fed harker says in 2 hours or so time
Mr_J__fx
@ibrar550 anything is to be anticipated. This is a 'Neutral' idea, no long or short call given, just some targets needed for each case scenario, either for the Bulls or for the Bears
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