Flat seems to have ended. Continue the uptrend to wave C. You may consider Buy with a reasonable Stoploss. You refer to this idea of mine, but this is not investment advice!
GBPUSD short With Elliott Wave Flat is forming on the H4 time frame. In short you can consider Sell This is not investment advice. Just a reference idea for trading GBPUSD based on Elliott wave principle
GU has being rallying down since MAY 2021. It has reach a daily order block, after a bullish BOS on the weekly TF. On the 4H TF structure broke to the downside ( within Jun - Jul), and mitigated ( from Jul - Aug). The second mitigation has taken place on the 1H TF, exhibiting our rules of entry(BOS, 1st Mitigation with LQ grab, 2nd mitigation as trigger entry).
We can cleary see GU in downtrend. We found or zone on 30min where I expect our reaction from,mainly BECAUSE of INDUCEMENT. Both of this clear OB that I selected,I consider them as SMT (smart money trap)... Good luck :))
This pair is different of EU. But still the same things gonna happen here. We are in strong downtrend here, but local downtrend almost broken. We crossed the 200 EMA up and hit 2 trend lines. SO, here we go. We have a great setup to trade. If we brake our downtrend lines we can open buy and next stap is far away near the 1.24. If we bounce off it down, so we won...
Hello all, with the fiasco of reality going on all over the planet. Technicals have been a show.. GU looks to be breaking HTF strucutre in it's weekly downtrend. Therefore, I will be looking for selling opportunities at the supply zones listed. On the LTF side, I'll be looking for buy confirmations to buy towards our POI sell levels. Discuss!
journal your trade, make yourself the best in making decision in which, you don't have to harm yourself.
Waiting on market open to see where price is going to go. This could be a scale in entry for the current downtrend that is already happening. Waiting on pullback completion to determine actual entries. Price is currently in previous 4H liquidity zone area. Using Coach Max FIBs 20220619GU