GU is neutral for now...we need more actionLooking to form a bias but do not want to call it just yet for the week. need to see price give us a few more clues first.
Gu
GU is Bullish nowI had been bearish looking for the trend to continue but it has now changed to bullish based on last week's price action. Looking for recent High to be broken.
GBP/USD Outlook ICT Concepts💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on GBP/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🔍 Identifying Key Levels
The chart displays crucial levels and zones that are impacting the current market behavior:
• PMH: Previous Month High, an important resistance level where liquidity might accumulate.
• FVG: Fair Value Gap, indicating an area of market imbalance.
• Daily FVG: Daily Fair Value Gap, acting as a significant support zone.
• PWL & PML: Previous Week Low and Previous Month Low, which are key levels where the market might capture liquidity before a reversal.
• BSL: Buy-side Liquidity, indicating where traders have placed their buy orders.
📊 Key Considerations
• BSL: The market has recently taken the buy-side liquidity, suggesting a potential reversal.
• FVG: Currently, the price is trading within the Fair Value Gap, which suggests a bearish sentiment as the market might use this gap to gather liquidity before moving lower.
• Daily FVG: Tapping into the Daily Fair Value Gap indicates a potential support zone where liquidity is gathered, potentially leading to a price reversal.
• PWL & PML: These levels are significant as the market might target them for capturing additional liquidity before a reversal.
📉 Current Price Action
The recent price action shows a bearish bias. The market has taken the buy-side liquidity (BSL) and is currently trading within the Fair Value Gap (FVG). This suggests a potential for further downward movement as the market uses this gap to gather liquidity.
🔄 Bearish Scenario
Given the current market conditions, the bearish scenario is supported by several factors:
• PMH Swept: The market has taken liquidity above the previous month high, indicating a potential reversal to lower levels.
• FVG: The current Fair Value Gap represents an area of imbalance. If the price continues to trade within or below this gap, it reinforces the bearish outlook.
• Daily FVG: Tapping into this gap suggests the market might use the gathered liquidity to drive prices lower.
• Targeting PWL & PML: The price could target the previous week low and previous month low for capturing additional liquidity before a potential reversal.
📈 Bullish Scenario Considerations
While the overall bias is bearish, there are factors to consider for a potential temporary bullish move:
• Creating Low Resistance Sell-Side Liquidity: For any long positions, the market needs to create low resistance sell-side liquidity by taking out the sell orders, which could then be used to drive the price higher.
• Lower Time Frame Short Positions: For any short positions in lower time frames, the market must target and take out the low resistance sell-side liquidity before moving significantly lower.
📊 Chart Analysis Summary
The current price action suggests a bearish sentiment as the market has taken the BSL and is trading within the FVG. The Daily FVG acts as a critical support zone where the market might gather liquidity before potentially reversing. Traders should be cautious and look for signs of low resistance sell-side liquidity being taken for any long positions, and similarly for short positions in lower time frames. Understanding these key levels and market behaviors helps in making informed trading decisions.
🙏 Thank you for joining us!
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⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Correction Week for GULooking to see a correction this week. With the holiday this week I'm thinking that price will be funky on direction so be cautions. We will be ready to take advantage where we see opportunity.
GU...Still Bearish...I was bearish from the beginning of the week and now that price has officially confirmed it wants to move bearish we are in the process of witnessing a new set up happen. We do have a quite a bit of news today. so looking to see how price will react to the scheduled news.
GU Still bearish...Let it dance...as I watch price action the bears are still showing the are in control and we are just within a flag being created. Will allow this price action to play out and see what the market wants to give up for London session.
Bearish Momentum buildingLooking for my idea to play out but also trying not to be blind to my bias. We have news about to hit and it looks like it can send price bearish based on what has taken place during London session. if we can get a bearish break down for NY session today we might get 1 more solid move for the week.
GU Getting Ready to get SLAPPED!!!! Big Bear Pressure! Been waiting on a bearish move and it looks like price is almost ready. Waiting for Asian range to play out to be ready for London open. We should get a clear indication of what price would like to do by then.
A Smoking traders rant pre market open...As I wake, bake, and review...I'm trying to keep my mind thinking in probability. Understanding that anything can happen and to be prepared to take advantage.
GU wants to continue bearish?Looking for the current trend to continue. If we see more bearish pressure step in this week we will be ready. Things still look slightly indecisive so being cautious.
GBP/USD Shorts from 1.27000 back down (Pro Trend)My analysis for GU is bearish, and I am currently waiting for a pullback into a daily supply zone to look for shorting opportunities. Once the price taps into my point of interest (POI), I will look for a lower time frame (LTF) Wyckoff schematic to take the price down.
With the dollar looking bullish, this analysis aligns well. Additionally, this is a pro-trend trade, as recent price action has shown lower lows and lower highs. If the price creates a new break of structure (BOS), we may see a new supply zone, which I will be monitoring closely.
Confluences for GU sells are as follow:
- Price broke structure to the downside on the higher time frame
- Daily supply level left unmitigated thats now become our POI.
- Lots of liquidity left to the downside as well as an imbalance
- DXY is also correlating and supporting this idea as the dollar is looking bullish right now.
- Lots of bearish pressure which means the correction is pending back up.
P.S. If the price continues to drop and enters the 6-hour demand zone, I will look for buying opportunities back up to a nearby supply zone. It's important to stay adaptable based on what the market presents.
GBPUSD is looking real bearish now...now that we are coming to close out the week it looks like price want to break the previously weekly low. Waiting for the remainder of Asian range to play out before attempting a entry. since it is Friday price can be really flakey.
GU pulling back for the Swing Drop?Looking at price action it looks like its setting up for a nice sell for NY session. It is currently London session, the VP is thin, the Delta is negative and price is still pushing up. Looking for it to test a FVG above the Asian range before considering if the sell is ready. Cautiously buying for now as this is a set up leading into a sell.
GU Looking to make a high for the weekI'm bearish on GU looking at the price action that it gave us last week. We opened the week pushing low and now starting to look for a new high. After it finds its spot we wait for the killzone to enter. The dollar is looking like it wants to reach for new highs in the long run. So we just ride the wave.
GBPUSD - Short Trade Idea (ICT)Here is a short trade idea on GU.
On last Friday we had a volatile displacement to the downside, so I would like to take a short, targeting the SSL below, into a weekly FVG. Pretty straight forward trade. Price could go lower than that if the trade was correct in the first place, so I would likely leave a runner between 20-30% of the position at that point and trail my stoploss to breakeven.
Trade safe.
- R2F
Bear pressure is building! This is a move on GU that I have been waiting for. I need further confirmation that it want to move forward with what I am seeing so I waiting for London session to see how price reacts to the added volatility. I'm thinking that now that we have established a high for the month, price can really start to move. Key is to remain patience and just wait for price to come to you.
Give a Little...Take a Littlemanage to grab a scalp during London session but the bigger move came in NY session. Price is still indecisive and not showing what direction it wants to go just yet. Just have to sit on hands for now. Waiting for london session to see if things change.
waiting for price to show its hand...New week...new Month...new opportunities. sitting on hands to wait for price to confirm what direction it wants to go. With todays price action it looks like it wants to now push higher to start the month off. Expecting better sell opportunities later in the month. Lets see how today plays out. London session should be interesting.
GBPUSD Analysis(3rd June 2024)
GBPUSD Analysis(15M TF)
BUY/SELL SCENARIOS:
🟢BUYS: Price comes down, test and respect the 15M OB at the 1.27152 level. A Bullish CHOCH is required in order for the BUY Set up to be A+.
🔴SELLS: Price Dumps Past the 1.27061 level. If this happens with a body candle close, Sells after a Break and Retest of the Failed 15 minute OB is possible to target lower prices.
GU with a temp bullish pushBeen waiting for price to turn bearish. Its here now. so for the time being taking advantage of a pull back and will look for a entry for the sell during NY session and USD news.
😵💫GBPUSD: No Clear Bias for me. Multitimeframe updateMost recently, we are "stuck" in this box-range with unclear, messy price action
Given the fact I see bearish on HTF and bullish or messy on LTF, it's a contradiction
so right now I don't have clear confluence for this market
Overall on 15-60min. timeframes, we see recent bullish leg. Accumulation and reaccumulation
models are pushing price higher, however price is often choppy and wicky, which makes it hard to trade, at least for me
☝️Do not act based on my analysis, do your own research!!
Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions.
⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
GBP/USD Long to Shorts from 1.27000This week, my plan for GBPUSD (GU) is to buy up towards the 10-hour supply zone. I will wait for a retracement to occur, allowing for a Wyckoff accumulation to form within the demand zone before taking buys, possibly targeting the relative equal highs I have marked.
If the price doesn’t retrace deeply and moves straight towards the supply zone, I will look for a Wyckoff distribution to initiate sells. This supply zone is more promising as it's a refined version of the 21-hour zone I marked last week.
Confluences for GU Buys are as follows:
- Price has left a clean 8hr demand zone that has swept liquidity.
- Price has been bullish and this idea is a pro-trend idea.
- There is lots of liquidity to target in the form of equal high and Asian high.
- There is still an unmitigated supply that needs to get mitigated as well.
P.S. If the price doesn't respect the demand zone, it could drop lower due to the imbalance below. In that case, I would look for a deeper demand zone to buy from or wait for the price to change character (CHOCH) to the downside.
GU needs to give us a directionLast week was impulsive and continuing to push bullish. The dollar has not has any significant news to push it in either direction so the rest of the market is moving in response to the dollar. As this week opens we are getting close to summer months. Will allow price to open and find a direction before reacting.
