Gu has been in a downtrend since the high of December and has been in consolidation since January 2, 2024..In between that it has been triggering the stops in both direction, while creating lower highs for each of the two bullish runs it made…Further drop looks like a high probability. Doesn’t look like it will have a good setup that will reward me the amount of pips I seek each week, unless it goes back up to that liquidity pool before breaking out of that consolidation to the downside…it will be interesting to observe this week..My bias is short this week until market shows me reversal signs for bulls.
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Potential Short Idea for today..
As you can see the trapped sell Liquidity has been released, so I have deleted that box.Each day, whatever high or low that is set in Asia session, there is normally a liquidity grab when London session is open to that Initial HOD or initial LOD that was set in Asia..London opens at 3am, but the session change over from Asia to London begins to happen between 12:59 am to 2:59 am.(1am to 3am just for clarity sake)during this time is when you will usually see the liquidity grab to the Asia IHOD/ LOD, when they don’t do this, it shows that they have enough liquidity trapped and they have enough to move the market, and the London session High/ Low will be our target for entries for potential setups(in line with the trend, which is bearish). After this week I will also stop writing so much, I will just do a chart with all the terms and abbreviations I use, so everyone who follows me can just look on if you get lost, I think all this writing makes my charts look crowded lol..Also I can’t predict exactly where the market will go, only possible projections, and if those projections line up with my trade plan and criteria for entry I will take that trade. Also I have Changed the colors of the buy liquidity pools to green and sell liquidity pool to black...It just looks nicer to view on the chart to me :)
Potential Short Idea for today..
As you can see the trapped sell Liquidity has been released, so I have deleted that box.Each day, whatever high or low that is set in Asia session, there is normally a liquidity grab when London session is open to that Initial HOD or initial LOD that was set in Asia..London opens at 3am, but the session change over from Asia to London begins to happen between 12:59 am to 2:59 am.(1am to 3am just for clarity sake)during this time is when you will usually see the liquidity grab to the Asia IHOD/ LOD, when they don’t do this, it shows that they have enough liquidity trapped and they have enough to move the market, and the London session High/ Low will be our target for entries for potential setups(in line with the trend, which is bearish). After this week I will also stop writing so much, I will just do a chart with all the terms and abbreviations I use, so everyone who follows me can just look on if you get lost, I think all this writing makes my charts look crowded lol..Also I can’t predict exactly where the market will go, only possible projections, and if those projections line up with my trade plan and criteria for entry I will take that trade. Also I have Changed the colors of the buy liquidity pools to green and sell liquidity pool to black...It just looks nicer to view on the chart to me :)
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we are now in level 3 zone on the bigger weekly Market maker Template...has not been confirmed yet, but a reversal for buys may be coming, wont be looking for anymore sell setups for today...Potential Buy opportunities tomorrow.
we are now in level 3 zone on the bigger weekly Market maker Template...has not been confirmed yet, but a reversal for buys may be coming, wont be looking for anymore sell setups for today...Potential Buy opportunities tomorrow.
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or Potential to reset off today's HOD (ASian High) and continue down for 3 more levels, lets watch and see.
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What I would like to see to be convinced of a buy for GU
What I would like to see to be convinced of a buy for GU
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One of the three patterns that play out at the HOD or LOD everyday
One of the three patterns that play out at the HOD or LOD everyday
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Risky sell being that we are on level 3 on the weekly template...and now its rejecting the pool.
Risky sell being that we are on level 3 on the weekly template...and now its rejecting the pool.
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Level 3 on the weekly template confirmed....Level 1 to the upside in the make...If they don't give me this setup on GU i'll pass until level 2 to the upside is formed, then i'll buy..
Level 3 on the weekly template confirmed....Level 1 to the upside in the make...If they don't give me this setup on GU i'll pass until level 2 to the upside is formed, then i'll buy..
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Comment:
Comment:
Potential Setup For Gu next week Monday or Tuesday based on the market sentiment, If more retail traders are selling, then A , If more are buying, then B is the setup to look for.
Also this will be my last update or Post on trading view, I think its wise that I stop, thanks for all who followed me and my chart breakdown...wish you all the best trading✌🏾
Also this will be my last update or Post on trading view, I think its wise that I stop, thanks for all who followed me and my chart breakdown...wish you all the best trading✌🏾
Not taking this trade, as my bias is short, and GU doesn't move fast enough for me to risk counter trend trade.