GBPUSD is in its final phase of the Uptrend correction, and so still long term bearish on weekly scale. I would be expecting a pullback to 1.196 before some bullish momentum to grab supply at 1.22. We might not see large bearish momentum this week, however, there are still opportunities to trade price action. The target for the sell setup is almost 545pips at 1.165.
After Asia teasers, price may finally be ready for a correction higher, and we can take advantage using our B&R setup with momentum entry. Lets see if London treats us better
We could be a kicking off the week with a lot of GBP movement if there is a new trade deal reached between the UK and Europe over the Northern Ireland Protocol. Today, Dominic Raab (the UK Deputy PM) told the BBC that the 'UK is on the cusp' of securing a new Brexit deal on Northern Ireland. I'm also seeing GU decline slowing and possibly at the end of it's...
GBPUSD is bearish. Price has created some liquidity. At the same level we have 2.62 fibo level. Entering short at 2.62 fibo level SL 10 pips TP bullish OB. But I expect price to continue making lower lows because on higher tf we are heading to 1.62 fibo lvl. Good luck:)
We can see sellers have been depleted over the past hour and price has qualified for playbook setup B&R using our depletion entry. Good probability of reaching 1:2 RR. Lets see what happens over the rest of ASIA and check back in during London. Safe trading everyone, see y'all soon!
Market makers' provision of liquidity is a complex system that involves managing an aggregate of securities and derivatives that are readily available to be cashed on spot. Market makers use different market approaches to manage their inventory, such as bid-ask spread, order flow, and algorithmic trading strategies. These approaches allow market makers to make a...
Market makers' provision of liquidity is a complex system that involves managing an aggregate of securities and derivatives that are readily available to be cashed on spot. Market makers use different market approaches to manage their inventory, such as bid-ask spread, order flow, and algorithmic trading strategies. These approaches allow market makers to make a...
1min Short - Have a look, what I've look at. Do not chase price. Let price show it's hand. Stay safe and Enjoy the weekend.🙌
qucik sell on gbpusd. price started showing bullish structure since the bounce off of 1.19350, it met resistance at 1.21450 broke 1.20750 rested 20750 multiple times and broke out of 4hr trendline. quick 1:1 because price might just make a double bottom
Hello all! GU is looking INTERESTING like always! This was analysed earlier this week, pair is approaching the long awaited Demand zone, will look to target liquidity (marked on chart) Entering a LONG position from a CONFIRMATION entry! Monitor LTF and get in! Take care!
Price might get 1.206 around London Session but it might continue bullish at New York perspective from 1H Time Frame (22.02.2023)
Bias: Long Market Cycle: 2 2 valid options here on GU,, Preference would be the pullback to 1.2067, but sometimes price just moves without us.. 2nd option is a backside long on yesterdays high,, we need a nice high volume break before a retest & confirmation..
Price has pumped to a very strong key level and neckline of higher timeframe double top. Now we may see the dump play out and have entered using our ABCD/EXT setup which calls for a SL using our ATR on our trading timeframe. Big potential for downside if price does fall
Playbook setup formed and trade executed. Simple break and retest after depletion of buyers. Aiming for at least 1:2 RR
GU has presented a Libra setup right from our playbook with entry conditions met and currency strength on our side, going for at least 2R on this one
Expecting a bit of bullish behaviour to fill that red candle then wuite a bit of bearish behaviour, guess we will have to wait and see...
Very nice, Price gave a different form of bearish pattern. At this point, everyone can clearly see this is a reversal pattern: Head and shoulder. Price will make a pullback to go lower, so no, we haven't missed the sell opportunity for the end of the week. The 2 scenarios are possible, but with H&S pattern, it is more likely for price to retest the neckline and...
I spot a correction of the previous break of the bullish run on GBPUSD at 61.6% fib level, coupled with a Hidden divergence (Price making HL and RSI making an LH). I would suggest a wait till the News got released before jumping in. Or just watch out.