Price is currently on a bullish expansion, and has formed a trend. I would be anticipating a possible pullback to 1.223 before another bullish run to 1.249. The key for entry for the sell would be a 15mins BOS lower. *As always, trade cautiously.
Upcoming #GBPUSD outlook before FOMC Wednesday. Looking for the current level of support to keep price above and rise to 1.25000. If support happens to break, there will be sells down to 1.22500. #TraderSphere
As you can see, GU made a triple top over the past few days, price pushed down below the 200ema support to make it a resistance. Price is currently in consolidation, however, I think we will see more sells on this pair. !good bearish 1hr or 4hr should send price down
so my calculation for GU is up and will hit the Fibonacci and the demand zone but I will put sell if the body candle clearly bull and have no sign of bear candle
MTF Analysis Check annotations in the anchored notes for M-W-D-H4 analysis.
GBPUSD faced valid resistance of 1.24526 on 4 hours chart you will see that it's making double double on exact same levels previously and it's a supply zone if seen on daily basis. Further formation of head and shoulder pattern confirm that GBPUSD has entered into bearish mode and short calls can be taken .
using suppl and demand on GU In timeframe 1H especially the support has been touch for 3 times right now and the market structure is buy on longer timeframe which is on D1, hopefully it will bounce especially MA 200 is still above candle
If current 1hr stick ends bullish, we will go more up. We have broken above resistance, retested it as a support. With a confirmation of retest at the end of this current 1hr stick
GU has been ranging all day, finally painted a double bottom at support. Im in from 1.23648, but at the end of current stick, will be confirmed retest for breakout
Following Price action, GBPUSD did not fall as far as estimated for December 2022. However, this is still a Seller's market. Using Technical Analysis, I am anticipating at least a 200pip drop to 1.1881 before price retest supply zones at 1.229. It is important to wait for price to take out liquidity at 1.21076 before we see the drop. **Please remember, this is a...
Price found support 1.1923, and we have been having multiple 1h breaks in structure. However, Wednesday LDN and NY session showed price consolidating at the break of a major structure. I am anticipating a liquidity grab to discount and then bullish price action to 1.2138 for Thursday and a further bullish break of structure to 1.2242 on Friday. Always, trade cautiously.
The long anticipated bearish retracement came through. Price met my bearish target from previous analysis (see referenced ideas) at 1.1881 and broke structure on the H4. For this coming week, following price action I would be anticipating a retest of the discounted zones at 1.1936 before a bullish run to 1.2298. My idea for potential price behaviour using the...
GBPUSD pushed up from a double bottom structure Friday, finally breaking through a consolidation zone, price has broken through and retested the zone, making it a support, while also retesting the 14ema, after the 14 and 50ema crossed the 200ema confirming a market direction change to an uptrend. I have entered the buy at the end of the last 1hr stick. Lets see...
Looking at GU for potential buy. Double bottom on 200ema support. Price crossed over and retested 50 ema as a support. Risky buy, but I am in and will see how it plays out
4H 61.80% fib re-test, TL re-test 1.20 is major key level, needs to break and hold under.
Plan: 1) Entry after 8:59am @ retest of 1.21236 2) Short entry @break &retest of 1.2088 3) Long entry @ break & retest of 1.2217
finally a nice dip now i would love to see if market can make a nice pull back and then we see if we are still hunting the initial TP of 1.1780 Follow me for more analysis