GU following our markups from way back at the start of this year, i am really liking the look of this markup along with its sister pair EU. Overall breakdown of this pair is for the weekly chart to produce a new low... we got this last week, following that structure bring made we now have to put in our weekly high to follow down again into a new low which again...
4H Inverted Head and Shoulders 30min Inverted Head & Shoulders as well. Expecting a pull back to 1.26180 area before continuing to the upside. Looking for TP area at 1.28000 .
30m Inverted Head & Shoulder. Top of pattern is the breakout for another inverted Head & Shoulder on 4h. See link below.
As I watch the price action I am seeing a lot of fighting between the bears and bulls and we could see price change direction and go bullish on GU for a moment.
Price does not have a solid direction so we are monitoring to see how it reacts to news. Looking for monthly lows to be taken before a direction is given.
I am currently holding a bearish view on GU, and I'm patiently waiting for a deeper pullback toward the primary supply zone. However, there's a nearby 1hr demand zone where we might witness a bullish reaction. If this zone fails, which is possible given the ample liquidity below, there's also a deeper demand zone just beneath it. We need to wait patiently to see...
GU giving us another pretty simple view on price here, bearish across the board which is telling us 2 things, a new low is likely to be created soon or we will pullback before we put in this new low! so it gives us 2 ideas of what we want to see, firstly we sell off from the BOS on the hourly timeframe and we put in a new low before we have any kind of bullish PA...
I'm still bearish going into this week on GU but waiting for the week to set up before getting active. We can see the most recent highs taken out before they continue with the bearish price action. Just have to be patient and wait.
My bias for GU is downward, expecting a minor retracement before a continuation of the downtrend. Currently, I'm monitoring for price to rise and reach the newly identified supply levels, particularly focusing on the 20-hour supply zone for its high quality. Observing the reaction at the first 4-hour supply, I anticipate a possible minor reaction, though I...
GU chart here on the hourly timeframe i am looking at again 3 setup ideas all will a line with the higher timeframe analysis as we spoke about in the EU markup. so overall we have a bearish shift into the higher timeframe bias alignment, i am looking for the following, a bearish shift to follow the current order flow on the hourly chart, this would lead us into...
I had previously mentioned price is extremely bearish on GU. We got that push down for Thursday's sessions. From here it could retrace or just move sideways going into the new week. But have to wait for price to show its hand.
My scenario #1 is that GU goes for the LQP then sweeps the stockout module which is also a liquidity pool and we continue down> #2 scenario is we just go down without comming back to balance. What do you think? LQP = Liquidity Pool RBD = Rally Base Drop Supply Zone 2WT = 2 Way Trap
GU now looks like it might have ran out of steam pushing down and now needs to pull back to grab liquidity. Remaining cautious but looking for the next solid sell opportunity. for now I will take this as a opportunity to scalp the pullback.
Second mark-up of this week from GU, now overall you will see this is again following the same basis as the last weekly mark-up we gave out expecting price to drop lower before moving up and taking out our highs. We got our drop last week with some short term bullish price action to follow but we now have price sitting at the ideal point within the market and we...
Last week we got all bullish price action on GU. This week I dont feel like we will get more of the same but I have to wait and allow for the set up to show itself before getting active.
hello guys , as you can see gbpusd just started a major bullish wave last week . the price first was consolidating (accumulation) , formed a double bottom reversal pattern on a support level (manipulation) then continued with an expantion (distribution). a classic AMD / PO3 pattern. am waiting for the price to retrace towards the poi where there is an...
My bias for GU this week is centered around anticipating a pullback to address the imbalances left behind. This week has witnessed a significant bearish trend for the dollar, leading to increased bullish pressure on GU. Given this scenario, it's evident that price hasn't experienced a healthy pullback yet, which is overdue. Therefore, I'll be patiently waiting...
Going over what we are seeing on GU. Looking for a breakdown from this location. As it has meet the objective of filling in liquidity on the upside. Just waiting for confirmation that it is done at the point.