What a week! Continual weakening on the TVC:DXY which caused my gold trade to fly through the roof at 320 Pips profit! Ive been thinking a massive economic reversal will be approaching since the lows in March due to the start of the UK's lockdown. My GBPUSD long positions have been consistently benefitting of this as I've been picking up long positions in the...
I can see a very strong 4 hour bullish backbone which I have looked at for a while now, with the previous highs also creating a resistance level, I'm looking for a bullish breakout. As the markets open tonight I'm expecting to see a little bit of bearish movement to retest the supportive trend line but then if rejected, ideally by a bullish candle, Ill be looking...
As price action has already sought higher, I'm looking for pullback into the breaker to go higher and take a previous daily high. FX:GBPUSD
Unless the breaker is what keeps it from buying, I see it attacking more highs aiming for 1.30900. A bit ambitious for a day, but it's cable. Red lines are previous daily highs, blue lines are previous daily lows, greens are targets or order blocks. And the gold line is the breaker that I'm weary of. If it trades below the stop loss then it will break structure...
Looks like GBPUSD already gave us an optimal trade entry during the Asian Session. After bouncing off the 1.29000 level last week it did create a lot of sell side liquidity but it seems to be showing a willingness to want to trade higher. Looks like we already missed an optimal trade entry which could come to fruition during the London Session. Or it could soon...
Hello and welcome back. If you found this idea helpful, please leave a like. GBPUSD saw some selling in the beginning of the week this was what I was calling for. It did trade to 1.2900, but did not get a daily close below it and instead reacted sharply higher. 1.3100 is a reasonable objective and then perhaps 1.3150.
This relates to my idea I posted last week titled "Long Term GBPUSD - Go Long Soon" if you want to refer to that as this is a continuation of that idea. I know the chart looks busy but hear me out. The CoT (Commitment of Traders) indicator is at the bottom which indicates the net positions of Commercials (Central Banks) and Large Speculators (Retail Traders with...
Hello and welcome back. If you found this idea helpful, please leave a like. I was calling for higher prices and got just that this week with my objective. GBPUSD could see some selling going into next week. GBPUSD is in a HTF area which can cause some down movement, so at this time, I need to wait for more information and see how we react at the red line and...
As I'm using this as my journal I found a scalp for GBPUSD. Price dropped into a bullish order block and bought. The it repeated the cycle. After this big drop it hit a bullish order block and start buying. It just created another bullish order block so I bought right at that area where my entry was 1.29238, SL is below the block at 1.28950 and I'm reaching for...
Hello and welcome back. If you found this idea helpful, please leave a like. GBPUSD seems to be still looking for higher prices. I am looking for the highs above us to be taken out and trade into the red line. I will have to monitor how GBPUSD reacts at the red line to determine what happens next.
Hello and welcome back. If you found this idea helpful, please leave a like. GBPUSD looks to be bullish. 1.3050 would be my first objective and then I will monitor to see how it trades there.
According to the Commitment of Traders report, Commcercial banks were start shorting the GBPUSD back around August 11-18. The price is now lower than when it was during August 11-18 which means they have profited off of those short calls back then. Just recently they started longing the GBPUSD and we saw that if we look at the build up of the lows of last week to...
Hello and welcome back. If you found this post helpful, please leave a like. GBPUSD looks like it wants to reach for the lows below and expand further down. Refer to the related ideas below this post. Thank you.
Hello and welcome back. If you found this idea helpful, please leave a like. I am still bearish GBPUSD and I am looking for 1.2600. Trading above the 09/22/20 high and not rejecting would change my perspective.
NEW MONTH NEW SETUPS👨💻💻 GBPUSD HAS BROKEN THE TRENDLINE⚜️ PRICE IS MOST LIKELY BEARISH📉 TARGET IS AT THE LOWER CHANNEL 🎯 Let’s get it💸🔑
Not a very strong triple bottom, but RR is solid here, as we anticipate price to fill voids left above the current market price
I am bullish on GBP for now. Reasons above. Price will aim at all the liquidity - stops above horizontal level - last week´s low and then above the August low as well. There will be sure reaction at August low.
If you found this idea helpful, please leave a like. As stated in my previous idea, I was neutral and waiting for information. I got what I wanted to see. The green lines are my objectives. I will update with any day-trade opportunities I find.