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
B&R identified in GU with DXY seemingly picking up strength across the board. RSI also breaking down SMA trend line for indicator confirmation and price is in fib extension reversal zone. Lets see if we can start the week off right! Safe trading everyone
GBPUSD perfectly respected an intraday horizontal support
and bounced from that on Friday.
A strong bullish candle signifies a strong bullish pressure.
The market will most likely reach 1.2122 level next week.
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GU has met requirements for our playbook "breakout" trade using momentum as our entry confirmation. Lets see if London can send us off to the weekend with a little 2R win
Our second setup of NY also points to GBP rise but against the USD. Price has reached critical ABCD and Fib Ext level. Using our proprietary ATR for SL. Lets see how NY treats us
GBPUSD is in its final phase of the Uptrend correction, and so still long term bearish on weekly scale.
I would be expecting a pullback to 1.196 before some bullish momentum to grab supply at 1.22.
We might not see large bearish momentum this week, however, there are still opportunities to trade price action.
The target for the sell setup is almost 545pips at 1.165.
