GU has been ranging this week, breaking highs and lows. It could continue to range until it gives us a sign that it wants to break out of the range. Yesterday it moved aggressively to the upside taking multiple upper side levels then followed by an aggressive move to the downside, taking some bullish order blocks and sell side liquidity. It also left fair value...
GU has been ranging this week. Ranging between the 1.27900 & 1.26800 areas. Currently it is at the lower part of the range and it is likely to continue down to take the 1H bullish order block or even the 1H sell side liquidity area. Order blocks and liquidity levels acts as magnets, so it is likely for price to move towards these levels I am looking for possible...
My bias on DXY is neutral and this is the same with my bias on GBPUSD on higher time frames. But looking on the 1H time frame it is more likely for it to move up because there are a lot of order blocks, buy side liquidity sitting above waiting to be taken (green lines above). There is also an equal high (yellow box). Prior price shows that it took multiple bullish...
Price did not break above last night and we are currently ranging on the 15 min. I've explained the 4 possible scenarios we could see play out
The 15 minute setup is playing out quite nicely. Going to be looking for a re entry tomorrow as well this time leaving the full position open to target the 4H high. I will start posting more trade updates like this regularly after my analysis
Here is my analysis on GBPUSD I’m expecting price to correct pulling back into my FVG area where I’ll wait for confirmation to take the short trade.
Analysis: This has been a beautiful pair to trade recently and now we've got another opportunity setting up. Firstly looking at the chart it's clear to tell that we're in an upwards trend. We're forming higher highs and higher lows which confirms what we're seeing. We also have an upwards trendline which is being respected, again showing us that we're in an...
after taking the Buy side liquidity as in 1.28740 GBPUSD hence a short-term sell to 1.28067
London has presented one of the favorite setups out the playbook, a BOBBI (break out, break back in) this powerful setup tends to go for 4R. Lets see if London treats us right!
Outlook for GU for a long reversal. I still believe we will be expecting new highs soon, to the Monthly FVG and quite possibly to the NWOG above it. I have some potential iFVGs that will be reused as support later on. For lower prices, I am anticipating retracement into the Daily Breaker Block, or back into the NWOG. There is a 2 Week FVG and Daily Order Block...
OANDA:GBPUSD Hello traders, This is my Gbpusd trade idea. Just as i predicted last week that GU will likely buy this week in lower time frames, now it seems GU is ready to start this week bullish run, hence this setup. Reasons Behind The Setup: Daily structure is bullish Price retrace to discount price levels on daily Retest old high on daily. ...
Lovely reaction on the daily FVG yesterday, but was too late and out of my trading session, - shame... Today look for shorts if we pull back to the asian high, the lower FVG pointed out yesterday by one of our newest students lines up perfectly with 0.618 fib... From there on, It will be time to look for longs in-line with the higher time frame narrative....
ABCD/EXT playbook setup detected for a contrarian buy against the oversold pound. Let’s see if the market can snap back enough to collect 2-4R
GU gave a pin rejection from the demand zone indicating sellers weakness and a possible buyers takeover to hunt the buy side liquidity at 1.31409.
Breakout of tight range and a clear momentum based entry signal. Lets see if we continue the uptrend
GBPUSD respect the sell zone(supply zone) multiple times making the sellers dominant the obvious target is 1.26223 or 1.25991-1.25725 at the demand zone, a possible rise might occur.
Maintaining my shorts on this pair with validation coming from the 50EMA (turquoise) crossing the 100EMA (white) which forms a death cross in the 4hr time frame. GBPUSD has failed to make a new higher high and so I'm expecting a push down to the recent low, we may break this immediately, or retrace back to the descending trendline that's now formed. We're making...