Price was making series of HH and HL until market structure shift occurred. The setup is, price will go up to take unmitigated supply before making it's second leg of downward movement
There's a short time bias on GBPUSD price created sell side liquidity which must be taken out, additionally it changed character to the upside, retested demand that caused the ChOCH and formed a new high. Target should be order block above.
With Price breaking the low of 1.20176, Price action changed and has clarified the trend developing. Price rejected a major resistance zone at 1.2105 forming a 3rd wave of the trend. Therefore, my current bias is bearish, and I would be looking to sell into LDN session to the 161.8% expansion (1.1858). Currently, we have what looks like a lower asian high,...
Following Price action, I have had to constantly adapt and update my positions to take advantage of the market. We have currently broken structure on the H4, however, we have not had any significant pullback to any of the golden ratios: 38.2, 50, 61.8. Instead price has continued in a mini trend. To complete the trend and following the impulse of price action,...
61.80%, liquidity grab, previous structure was broken, re-testing major TL.
Hi Traders, A possibility for price to drop to 1.19600 area. A break through the bottom channel will be a good confirmation to make a sell entry. Target price: 1.19600 Thank you and trade safe. Do follow and boost this post if u like this idea. Cheers!
Nice Support zone in GU Buy GU now SL: 70- 80 pips TP: 400 pips Risk management very important @mdrtrader
GBPUSD broke structure on the daily, however, we have had no retracement since the bearish impulse began. I started identifying this expanding diagonal since Monday, and price has been consistent with the expansion. Mid-week trading on Wednesday usually sees a reversal of momentum for the rest of the week. Instead, I can see Price has completed the reversal...
I would be looking for a sell from 1.21600 to about 1.19000. We've made a lower high and broken structure to the downside. The anticipated pullback did not occur. Therefore the next target is at 1.19000.
From my analysis, I am looking to continue buying from 1.21276 to 1.23064 for today, the end of the week. I would anticipate a further buy into next week to 1.23764 before the sell continuation. This is all part of a correction. As always, trade cautiously
Hello everyone, the sells have begun. Following my previous analysis, We've been anticipating sells for the rest of the week, with indicated targets at 1.1739/1.1738. The areas I have marked on the chart: 1.24251, 1.24042, 1.23552 are possible areas of pullback with this sell impulse. It is best to wait for price to pullback into areas and wait for consolidation...
Hi everyone :) I usually play my game plan as an overall guide to my day trading for the week. For any disciplined funded trader, one of the common rule is our inability to hold trades over the weekend or continuously through a month. Except you also are building a side account like me ;). However, I am sharing my entire analysis, because we are at the end of the...
As part of my previous analysis, I am expecting a recovery on the GBPUSD to 1.24235 or 88.6%. Price is currently at a 1.618% expansion. This would be a internal retracement in the sell continuation. At 12, we have BOE interest rates announcement. This should help provide the momentum to those levels.
Hi Traders, Price tested the bottom trend line of the channel multiple times. Expecting Price to break down reaching the 1.19600 area. Target price: 1.19600 A break and retest entry on the break of that channel might be a good one. Thank you. Trade safe!
Finally broke out of the consolidation zone, currently retesting, following the trend.
As detailed on my chart, I am looking for a pullback in price action to 1.22303 during market open and Asian session for about 60pips on average, then a buy position for about 100pips into LDN and NY session. A more precise TP should reveal itself with Price action. From my analysis, Monday and Tuesday should see overall bullish price action.
From my previous analysis, Price did not pullback into resistance and the upper OB, rather made a 38.2% retracement, before falling to the 88.6. I entered on the 5mins BOS, and I am expecting price action in this shape. The pullback on the shape should correspond to a 38.2% or 50% from the recent low. This is of importance when looking for an entry. We also have...
GU has broken and has been breaking previous market structures, only to keep going higher. GU should keep buying the whole week returning to previous supply / highs. This is just an idea