Starting this Monday off with Gu we were left with a very clear bearish swing set up from Friday as we've come into the first session of the week we have been given a bullish impulse to the upside which has signalled to us that we now have a swing below therefore we have a confirmed bearish range we are looking for a low risk counter trend entry for then a bearish...
Considering my bullish bias on the DXY, and the currently bearish price action on GBPUSD, I am anticipating price continuing lower with a short-term objective of a Weekly Wick's Consequent Encroachment. Price bottomed off a Weekly Bisi to the tee, and closed above a NWOG at big figure 1.2200, leaving a Weekly Sibi in it's wake. There are 2 areas I am currently...
Based on my DXY analysis, I will be expecting lower prices on GBPUSD. I see a potential short opportunity presenting itself when/if prices retraces back into the 2-Week iFVG/Bisi, using the Monthly Reclaimed Orderblock and Breaker Block as resistance. Only thing I will be wary of is price tapping above the previous week's high before displacing lower, targeting...
Waiting for price to hit the daily support line to go long on GU
Liquidity was found during first hours of Asian and New york. Wait for a Break of Structure (Bos) in smaller timeframes
GU we have a nice counter and a trend setup here with this pair, as a whole we need to look towards our open to tell us if we can trade these moves, short term bullish, long term bearish but of course as mentioned in our earlier mark up we aren't really that clear with our corresponding pairs for example USD is looking like we might be bullish within some pairs...
Final pair for this Sunday evening is GU now as per our other USD related pairs we can see the news range clear as day, this again is a very telling sign as to what we want price to do within this range but as always we are not going to jump in head first, and we are using the new POI as we always do with caution! Iam overall thinking we are most likely going...
HTF bias is bullish Price below equilibrium Waiting for liquidity run Price impulsively moved up and took 1H buy side liquidity and 1H bearish order block. Then moved back down and bounced of the 1H bullish order block and 70.5% Fib level. Currently ranging and could take previous day low then move up. But I will not take any trade because of NFP
Price pushed up aggressively yesterday leaving a bullish fair value gap. It is also showing an equal low. Price could move down to take the equal low and FVG then move up to take buy side liquidity or even the 1.28000 level
Price took 1H sell side liquidity (SSL 1H) then moved up and took 1H buy side liquidity (BSL 1H). Could still continue moving up but I will only take longs at price below Equilibrium. Waiting for price to move below Equilibrium then look for buy signals. It will be high probability if it takes the 70.5% Fib level and 1H bullish order block (BullOB 1H)
Price took daily sell side liquidity (SSL D line) and 4H bullish order block (BullOB 4H TAKEN line). Currently ranging and I am waiting for price to move to discount level (below the Equilibrium line) and take a sell side liquidity then I will look for a setup to go long.
Price have taken 1.26000, daily sell side liquidity (SSL D line) and daily bullish order block (BullOB D line). Waiting to see if it will also take the weekly 70.5% Fib level which is an OTE level. Then I will be looking for long setups
Monthly, Weekly & Daily bias is bullish. Price moved down aggressively yesterday because of the PMI news, taking multiple levels then reversed back up aggressively. (on daily time frame this shows a long wick). Price could continue moving up to take previous daily high or even the 1.28000 level. Will wait for price to progress until London open and see if it will...
Price has taken the 78.6% Fib level, sell side liquidity (SSL 1H line) and the previous day low, it could continue down to take the whole number 1.27000 then move up or it could move up from here and target the bearish order block above (BearOB 1H line). Waiting for a market structure shift and fair value gap on lower time frames to confirm that it wants to...
On 1hour chart, price is pretty rangebound but since monthly, weekly and daily bias is bullish it could still continue moving up. It is possible that it will take 1hour bullish order block (BullOB 1H line), and 70.5% Fib level, or even the sell side liquidity (SSL 1H line) before continuing moving up. And it could target previous day high or even the buy side...
GU and the rest of the xxx/usd assets have been forming obvious corrections this month Why is it a correction and not a major top. Well, corrections... 1. begin with very little consolidation (vs peaks that contain big periods of consolidation before reversing). As you can see GU only consolidated for 2 days before coming down. 2. they usually contain 1-3...
GU being our second pair this week iam looking for this to show us a bearish open and then head higher into our first session of the week, we will be looking for our ASIA and LDN interaction to see if we can pick up and early entry on this overall bullish move that GU has given us following Fridays very slow session. So we have a good amount of confirms for this...
FOREXCOM:GBPUSD This is the setup i will be expecting to see on Monday to enter a buy on GBPUSD.