For this setup, I'm seeing a potential sell swing if we don't break and close above 1.31800.
This a reversal type-trade setup, so it's a bit risky considering the recent H uptrend.
My analysis for GBP/USD (GU) this week is bearish due to the current mitigation of the daily supply zone. As price is within this zone, I will be looking for price to distribute and then enter short-term sells. Since price is already in the zone but hasn't yet touched the refined zones, I may wait for price to mitigate deeper.
Around the 1.30000 mark, there's a...
The price has clearly broken the HTF trendline and is making a significant correction towards the highest supply zone, taking orders before continuing the bearish trend.
Expect slower market movement as most orders have been closed for profit-taking, and no major impact news remains except on the CAD pair, which may slightly affect the USD. Regardless of the...
I am looking for sell opportunities in GBP/USD. Recently, the price dropped and broke structure to the downside, indicating a bearish trend. To capitalize on this move, I expect a retracement back to our marked points of interest (POIs).
Once the price retraces to these POIs, I'll be watching for a Wyckoff distribution pattern on the lower time frame to initiate...
GU sell opportunities are looking increasingly favorable as the dollar continues to rise. We now have some high-quality supply zones, specifically the 19-hour and 4-hour zones. If the price breaks the nearby low and structure again, the 2-hour supply zone I’ve identified will become more valid.
Since the price is not near any of my high-time-frame points of...
Hello Traders,
Hope you all are doing good!!
I expect GU to go Down after finishing the correction.
Look for your SELL setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can...
Yesterdays daily candle on GBP USDF was a pinbar and as todays candle is currently heavily BEARISH. all the signs are that GBP/USD BUYERS have fled.
Earlier in the week we saw price head north through the WR1 pivot and today has seen price head south back down leaving the WR1 pivot behind.
It needs to be remembered that although GBP/USD has been heading north...
This pair is currently in a bearish trend, but I anticipate a potential reversal near a major demand zone around 1.23000. While we wait for price to reach this level, I'll be monitoring for a minor retracement back to the recently formed 4-hour supply zone.
Once the retracement occurs, I'll be looking for selling opportunities in line with the prevailing trend...
This week, GU presents an intriguing setup as it appears to have made a decisive move. With the pair breaking structure to the downside and the dollar strengthening, it has reinforced a bearish trend in my view, prompting me to consider shorting opportunities. My focus is currently on the 4-hour supply zone, anticipating a Wyckoff distribution to unfold.
At...
The price has gracefully descended from 1.27700 to 1.25200, and retraced to the 0.5 Fib level, thereby presenting a potential profit avenue.
Here's the plan: SELL GBPUSD
Consider entering the trade with caution as the stop loss should be strategically placed above 1.26750. The take profit level is set at 1.24650, aiming to capture gains during this downward movement.
My previous scenario (A) for GU unfolded precisely as expected, with the bullish reaction aligning perfectly with the marked demand zone. This week, I anticipate further upward movement towards my supply zone (A) near 1.2400. My reasoning is that price will likely seek to address the significant imbalance in that area before initiating a downward move.
Although...
This week's analysis for GBPUSD is promising. I'm currently anticipating a slight upward movement to reach the nearby Asian high and mitigate the supply zone at a deeper level. Alternatively, if this doesn't happen, I'm prepared for a potential reaction from the 4-hour supply zone above. This particular supply level has triggered a change of character (CHOCH) to...
Hello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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This pair continues to grab my attention, particularly as it approaches my 10-hour supply zone. I anticipate a redistribution and subsequent sell-off targeting the equal lows. It's important to note that this is a counter-trend trade aimed at capturing a temporary downward movement to a more favourable demand.
Given the substantial liquidity at the newly...
GBP USD has formed a symmetrical triangle.
To get an entry we must wait for a break out of the pattern and a retest of the previous low that was created.
Your thoughts on GBP USD ?
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...
