GBPUSD has made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action.
How do we trade this? 🤔
It is not reasonable to short just yet because we do not have a sell signal! We're currently at the resistance level but without a confirmation of rejection,...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Late last week, the dollar depreciated versus a basket of currencies on reports of strong U.S. business performance in November; however, private sector employment decreased due to forecasts of an impending economic slowdown. the final quarter.
Prior to this, the US Composite PMI Output Index was recorded on Friday by Michael Brown, a market analyst at Trader S&P...
GBPUSD Is still bullish due to the continuous break of structures to the upside however, It has tapped into a nice supply which I expect to cause a correction back down to a demand level at 1.225500. This is an opportunity I will be looking to take soon as market opens therefore, I will be waiting for a CHOCH to validate my Wyckoff distrubution and I will be...
This bias for GBPUSD this week is not as clean in terms of price entering an ideal zone however, it's still a possibility that could happen so let's look at how we could sell GU. As we know this market has been in a small uptrend recently but, I am still overall bearish (looking at the HTFs) Therefore, I would be waiting for price to enter a near by supply so we...
Here gbpusd has reached level at 2500 and went to make reververse to we are expecting sell so the price is expecting to reach at level of 2400 for another correction. So going short is needed
GBP-USD is going up now
From the lows but a
Local horizontal resistance
Is ahead at 1.2300 level
From where I will be
Expecting a local bearish
Correction once the pair
Retested the level !
Here gpusd has make continue move breaking level of 2300 showing that more seller are coming to the market and so going for short is needed targeting profit should be around 2200
Dear Traders hope all of you had a great weekend, now we have an excellent opportunity to sell GBPUSD. GBPUSD price have dropped significantly now we may see a short term bullish price movement. Once price reach our entry zone area, we can then sell GBPUSD.
GBPUSD has a similar bias to EU so im also currently looking for a sell setup to form to take price down towards an area of demand. This counter trend trade will allow us to catch a move before we end up buying alongside the bullish order flow at around the 1.22000 mark.
Scenario (A) - Price is currently reacting off our 6hr supply zone that we have marked out,...
Hey guys what's up Brandon here..so as promised I am going to give a breakdown as to why I think I lost the GU trade.
This one is entirely my fault as I saw the consolidation where I know liquidity would have been trapped and I chose to ignore it.
I also saw that GU was becoming very exhausted yesterday and I also chose to ignore that as well and now I am paying...
The Bias for this trade will follow the overall bearish market trend, hence why we will be looking for sells to continue in that same order flow. As of the current price we have two supply zones marked out (A) the refined 4hr supply zone and (B) is the 8hr supply zone at the top. I will be waiting for further confirmation like a re-distribution within the 4hr...
Hello Traders
We have a strong OB , with moving average(201) approaching, this indicates a strong area for me to buy
So our entry will be at 1.21700 and we will take profits at 1.2280
Educational Analysis says GBPUSD may go Short according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Short?
Because GBPUSD Short traders have already broken the 4-hour Upward Bottom trendline and now Top Downward trendline is being respected.
Although this pair has proved that, It's Changing its...
As Pound has changed its trend on Higher Time Frame (i.e H4 and Daily), I can see it chasing new-bees stop-losses and going for long. Wait for the price to come to demand zone and go Long. Wait for the market to shift its momentum in short time frame such as on a 5 mints chart to get a precise entry.
Happy Trading.
1D Timeframe:
Market structure has transitioned from a bullish trend to a bearish one.
Inducement has been removed, mitigating the previous Decisional OB (Order Block).
The price continues to decline.
1H Timeframe:
The structure is breaking to the downside, indicating a bearish trend.
We are waiting for the Inducement to be taken out, with the possibility...
