GBPUSD is projected to fall to the zone of 1.25400 and it is expected to fall from the rising wedge and then retest to the resistance zone and 50EMA and the sell for the long term of January in correlation of EURUSD.
This past week I flipped to Bearish on GU. But as we came into Tuesday they decided to pull back on the price. This week I'm and surely going in Bearish. This is a premium set up for a nice swing to the down side.
Now GU has shown us that it is ready to move bearish. Now looking for a decent pull back for entry on a position. Hoping that we can get for London so a possible nice Sell opp coming for NY session.
A falling flag was projected on Gbpusd by me and I was expecting a fall, which it did earlier today, my expectation for it today is for this pair to retrace to the 50 EMA and my resistance zone and sell to my 200EMA of 1.26564.
So holding my position riding price down. Stops moved and looking for signs that it will continues just where its at. A lot of news coming up so it will for sure be a eventful week.
Much the same as EU although not as clear. I expect the same scenario where supply takes the ball and pushes us down for a time.
We are now 2 weeks in on the new year and as the major players come back in to the market it looks like they spent the first 2 weeks of the year accumulating orders to go bearish. As we come into the new week we are looking for more signs that price wants to go bearish now.
Looking for GU to Pop up during this session and make a high for the week. Taking out the old highs. This would be a great opportunity for a sell. Monitoring the Order Flow to see if price continues to support the idea.
I'm seeing that GU is looking like it wants to reverse. So I'm looking for the shift in structure on what it wants to do. We do have some news coming up in the next 48 hours for both GBP and USD. Will continue to monitor for shifts.
They used the previously Weekly high as support. Pulled back a little deeper than I expected. But all still lines up to break new highs. With this new Data I can see News on GBP tomorrow helping to give that spike I'm looking for.
Continuing to monitor price action on GU. Still Bullish but since it is now the end of the week I'm Not to confident it will want to make new highs. We cant predict the price...just move with it!
After GBP/USD changed direction very violently, we can assume price will continue down to collect that lower liquidity. The idea is to enter off the demand zone seen here. If all fails, the next entry is 1.27752. Goodluck!
We got a confirmed bearish trend change for GC. MASSIVE BEARISH MOMENTUM Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK! This is looking like a very yummy short! Follow and Stay...
We can spot a flag continuation pattern to the upside. The ray lines of 1.26923 and 1.27220 are my targets for the day, but in other for that to occur, I'm waiting on a retest t the 50EMA, there's news in some minutes time, so I expect the news to take it down for retest then we buy to our targets.
We just saw clean bullish momentum for this pair! Such A BIG JUICY... BULL CANDLE and continuation after the FOMC! We have also aligned bullish on the daily, 4H, 1H timeframes. Now looking for trend continuation to take a long trade. Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for...
Starting our week off with GU now this is one of our only USD secondary pairs that sits in a bullish range within our SW structure. we overall will respect the range for longs while keeping in mind the gap we have under our SWL. as it stands EU and XU have shifted their bias to short so we could either be seeing a slight miss correlations before the new year, or...
Overall, GBPUSD continues to trade well above a medium-term tentative upside support line drawn from the low of March 8th. From the shorter-term perspective, the pair is balancing above a short-term tentative steep upside line, taken from the low of November 1st. From the beginning of December, we can see that GBPUSD might have formed somewhat of a double top...