GBPUSD on a monthly timeframe seems to be forming some kind of a wyckoff pattern as we can see in the analysis, so we will be targeting for those highs which is liquidity
This week, my bias for GU is aimed at observing a return to a demand level to sustain a short-term bullish trend. With the recent upside break in price structure, a fresh demand level has emerged, potentially signalling a bullish upturn.
I'll be monitoring for a Wyckoff accumulation within my point of interest (POI) before considering buy positions. These buys...
Let's start today with an excerpt from an interview in which we cover the important topic "It is the trader who is profitable, not the system". You'll see with examples how results depend on what's going on in a trader's head, so you'll look at your own results from a distance and see that they may in your case depend on deeper things than you've so far thought,...
I wanted to inform you that I am planning to initiate a trade at the level of validation that I have marked. After careful analysis and consideration, I believe this level presents a significant opportunity in line with our trading strategy.
Please be aware of this upcoming trade, and ensure that you are prepared for any potential market movements. As always,...
Based on the H4 chart , GBPUSD is on a BEARISH trend
The C point is beyond 0.886 (warning sign) hence need to wait for confirmation before engaging the trade.
Hi there,
The engulfing candle happens when the break-out low of the ABC pattern yields strong continuation momentum in a directional trend. There are minor and major engulfments, but the meaningful ones are the major ones.
An engulf is at the sharp turning points or reversal areas of a trend and should complete the sequence of an Elliot wave and a Wolfe wave at...
With a similar expectation with FX:EURUSD , I was looking out for a continued selloff, which we got but failed to take the prior weeks lows out indicating that there was a higher probability that a short term relief rally into the premium arrays is more than likely possible.
What we are seeing today is rangebound price action from the 5th Feb 24 with many...
Please go over my previous analysis with regards to FX:GBPUSD as I was expecting a continuation of shorts into the week.
Although fundamentals is not on my side, I figured that going with high probability signatures such as reversals at order blocks plus reluctancy at fair value gaps will reduce my risk of being stopped out.
I have left 50% on the table to run...
No matter how good of a trader you may be, it will never hurt taking profits off the table.
Pay yourself for the time spent if your given the opportunity!
That's me done for the week with FX:GBPUSD
But lookout for 1.26052 sellside
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.27200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.27200 support and resistance area.
Trade safe, Joe.
Weekly has an OTE that we were just at, currently on a daily OTE. Ultimately I would like 1.2331 but I am also OK with 1.2477. There is a fake downtrend I would like to see violated o a strong change of character to start deploying orders down.
I'm trying a short sell here. It broke market structure after taking out the fair value gap with a very strong reversal. Now I'm hoping it will reverse and continue downward after taking out the SIBI.
Hello Everyone,
The GBP/USD is showing conflicting indicators at the moment. What we require is for the price to maintain a stable position above the 1-month pivot point. Nevertheless, there's anticipation of increased volatility due to impending news events.
TradeWithTheTrend3344
GBP/USD pierced through 1.2700, where the 50-, 100- and 200-period Simple Moving Averages (SMA) on the 4-hour chart are located, and closed the last 4 4-hour candles above that level. Meanwhile, the Relative Strength Index (RSI) indicator rose to 60, confirming the bullish tilt in the short-term outlook.
On the upside, 1.2780 (static level) aligns as interim...
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