Price has tapped into my HTF supply/order block area, then price proceeded to react and break past the last demand area now shifted to supply (marked D2S). Will be looking to sell from my area of interest. (Price can also go onto to react from my extreme supply/order block area as there was a D2S shift there as well) Let's see what happens...
Been watching this all day, had one succesful trade and one bad trade, this should hopefully top the day off, finally getting to the 1.22500 level ish and not breaking the resistance, so we should see a sell. 1st TP at 1.22240, if hits that then I will make second positions SL BE so guaranteed profit.
GBPUSD form cup and handle - bullish continuation good luck
Looking to sell GU in Sell Areas and closing positions in TP Areas Entry will be strictly executed on signs of reversals etc Trade Safe from sell area 1: TP Area 1 - 50 PIPS TP AREA 2 - 100 PIPS
Good pips traders! It's another gorgeous trading week and I'm here again with my view of the market GU began last week on a bullish note at point X as marked on the chart only to reverse on Friday at key level B, I expect the market to be bearish for at least the first two days of the week before any further moves.
Gu is likely to sell till level 1.3200 which served as a level of support if it fails to break above level 'A' 1.34432 which served as a region of support and resistance last week
Hey guys, this pair is trading along a falling channel. I'd be looking to go short on this pair
- 2 potential setups outlined (only entering if there is significant price action confirmation on the lower time frames) - Using appropriate risk management as always - Patience here is key
Price is at a key level. Possible break out to the upside to test the 1.3715-50 area . If price rejects current or break out levels then push down the previous lows. DXY is pulling back but looks to be testing lows at 93.75 on higher time frames.
GBPUSD has a hurdle right at 1.364. We are expecting price to retrace to 1.355 before going for the 1.364 level. If price retests this level and it doesn't push through, then we can see price falling to 1.343 for a bit of support before reattempting to break 1.364 level. Price could also fall to 1.343 without attempting to break 1.364 level. If price pushes...
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What's up traders! I've been watching and trading GBPUSD this past week with 3 successful trades clearing 150+ pips. We've been trading in a channel and we have once again reached the top of the channel so we will be looking for more shorts for this upcoming week. Here is what I'm currently looking at on the 1H for GU. Looking to see some price action to single...
GU WAS CRUSHED BY FOMC LAST WEEK NOW WE SHOULD SEE SOME BULLS COMING IN THIS WEEK
GU get rejected 3 times at level 61.8 of fibonacci level. Are we heading to level 0 or -0.23? Next target : 1.40000 / 1.40200 ???
I can see a strong resistance area. Just trading on the pullback of the trend to the support level. What do u think?
Good morning traders. I am waiting for GU to break the support level of 1.368 and once we break this level I will be waiting for price to come back and retest the level as the new resistance and possible entry. Then start looking for a set up to carry on down.