Broken trend line, failure to break new high and RSI price line crossing all point to a nice coming move down in the ongoing correction. Going for at least 2R
GBPAUD is in consolidation but still in a strong uptrend. Wait for the channel break and retest then take the trade.
!! Trade safe !!
likes will be appreciated.
Stop losses have been hit on longs and now we can try to enter using our favorite break and retest setup out the playbook using the break of the inside bar as our entry. Lets see what happens
GU has broken above structure and typically we expect to retest and continue this move, however we have noticed depletion of buyers leading to a break down of an inside bar. Going for at least 2R with this one
GU has also completed a harmonic pattern but this one we were not around to catch as a limit, however we have spotted strong structure and momentum reaction so lets go for it and see what happens !
Hi Traders,
A possibility for price to continue rally to 1.22700 area.
Entry Price: 1.21700
Target Price: 1.22700
Hit the Boost and Follow me if u agree. Trade Safe!
Price has been on a bearish trend for a while now. Price action has unfolded unique structures along the way confirming the wave correction.
In continuation of my previous sell analyses and setups, I am currently selling to 1.165.
I would be looking for additional opportunities to sell in Monday and Tuesday sessions. This move should conclude the month long...
Bearish on GU, I want a stronger low to be put in before I am convinced of sustained bullish price. Expecting a drop after last week's high is violated. Here are the levels I find interesting at the moment. This is in line with my bullish DXY outlook.
GBPUSD long
After taking buyers liquidity GU made bullish change of character (choch).
BJ key levels helps to identify strong support and resistance zones.
I expect price to retest support level which also has clear order block + 50% fibo level. (high probability entry)
Will enter with lower timeframe conformation (3-5 min choch).
TP 1 next bearish OB.
TP 2 max...
Criteria met and trade is in line with potential DXY weakness. Lets see if it materializes. Dont get confused by the name of the setup, we are buying GU after multiple break down failures and a couple of other requirements being met
Hi Traders,
A possibility that GU will continue to drop. Sell area will be 1.19 area. Look for sell confimation,
Entry Price: 1.19
Target Price: 1.182
Hit the Boost and Follow me if u agree. Trade Safe!
Thank you.
Price formed a double bottom at demand on the H4, and has since seen a bullish momentum, breaking key highs to form a double top for the next bearish momentum.
Price is still bearish on the higher timeframes. Using Elliot, we can approximate what stage of the correction that is unfolding.
I would be watching for price to begin the bearish momentum at current price...
Selling GBPUSD in Sell Area & looking to target TP Area (+40PIPS)
SELL CRITERIA:
- Strictly looking to enter on signs of exhaustion, reversal pattern *** Using strict volume based strategy
- Sell entry not valid on strong bullish breakthrough
Trade Safe
