luiz_ng

luiz_ng

After a bearish week, i'm currently looking for a pullback in GU. In 15m, GU had started an bullish trend. Let's wait.

luiz_ng Updated 

Well, it's such a long time since last idea. Here is my current thought on GU. + In Weekly perspective, GU has raised sharply from 1.2 to 1.3 for first half of the 2023, especially from around end of Q1. Then it had a full retracement to retest the 1.2 level. I have expected it not to retrace this deep but around 1.25. Market showed that I was wrong. Anyway, the...

luiz_ng

After trying to climb up in the final week of July, GBP find an imbalance which created on July 19th, when British CPI is lower than expect, forecast that BOE will set a lower interest raise (perhaps 25bps on Aug 3rd, after huge 50bps in June). All eyes on BOE rate decision and US NFP next week. In technical point of view, I am confused now. The sub-structure is...

luiz_ng

I will looking for long term buy GU next 2 weeks cause price has come to the discount area. Keep reminding myself that every short is just short-term. Price is gonna hike up anytime. Keep short until supply failed but will have a strict risk management.

luiz_ng Updated 

Hope this will work.

luiz_ng Updated 

Because the current trend is bullish I am expecting it will bullish until not. Let's go to 1.265 and 1.27.

luiz_ng Updated 

Let's see if I can have a pull back to this POI, after 8 EST, I'm happy to look for long in LTF (5m) even if it not comeback to POI

luiz_ng Updated 

After taking out the Daily, H4, h1, m15 high, price is likely to pullback. the supply now in control, i will looking for some sell setup today at LO and NYO. Keep in mind the overal trend is bullish so it will hard to play.

luiz_ng

Here my outlook for FOREXCOM:GBPUSD next week, let's see what will happen.

luiz_ng

I clearly see a bullish wyckoff pattern for GU. This is my mid-term view. Next target at 1.26666.

luiz_ng Updated 

price has come to an 4h flip which has sweept but this zone still in premium of h4 leg. I prefer to short. but the it make an v-shape move like this better wait for confirmation in LTF

luiz_ng

It's not clear yet but in m15 the supply now in control, also the liquidity at the 1.25252 high is taken. Any buy now is risky. Wait for the supply failed then continue to buy or go for short counter-trend.

luiz_ng Updated 

There are CPI tonight so I want to ride this wave as soon as possible.

luiz_ng Updated 

Because of Easter, my plan has some few delays but I think it's time for GBP to back to bullish. Target at least currrent weak high. I am personally looking for a better R:R ratio.

luiz_ng Updated 

Here my quickly plan for today New York session. Looking to sell to previous value area at 1.235, and hope this will help GBP back to bullish tomorrow.

luiz_ng

I'm still bullish on this pair and because we have NFP next week, hope this gonna happen.

luiz_ng Updated 

FX:GBPUSD Well this gonna be hard to tell. GBP USD is in clear bullish move since Nov 2022, and now accumulate/distribute. There are so many news which hurt TVC:DXY I'm expect OANDA:GBPUSD will go up for a few more week. It's has a perfect pullback to the 50% when moving up from Nov 4th, has something like Spring in Wyckoff. Price try to move lower but market...

luiz_ng

I prefer It will go higher but let see what market will deliver information next week.