Short

GBPUSD Sell Setup ~545pips

Updated

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.

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If Price action is not going to break the Asian low, I will be buying.

Trade active

Risk management is key.

Trade active

🤩

Trade closed manually

SL hit BE

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i would be expecting this today...

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I would be looking for a sell entry at discount to the recent Higher low.

Trade active

Trade closed: target reached

I closed my positions. There is news in 3mins.

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loool. Guys look at this! See how price shot up with news lol. It pays to have a precise TP!

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Unless price gives consecutive LLs on the 15min, I would looking for buy setups for the rest of the day.

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with the unfolded Price action, we are every bullish right now, so I won't be looking for sells. Price could reverse at the 38.2 retracement and continue on to bullish target for the week.

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Yea, I said I wont be looking sells...I meant, my bias is not changing to sell. But if there is an opportunity to profit...💪🏽💯

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Cancel sell setup. Price has met target.

Trade active

I am buying already.

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There might be a pullback to discount.

Trade closed manually

closed my buy. 15mins is bearish.

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I would be anticipating liquidity before the next sell to bearish discount.

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The break of that high is the buy trigger.

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Since price broke lower, I would be expecting a pullback to sell.

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Price did not pullback for liquidity, but continued expansion. I have adjusted my outlook with Price action. I still intend to sell when price retest the trendline. My target would be 1.2.

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closed my sell. I would be buying now.

Trade active

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target:

Trade closed manually

Closed my trade at BE. this is annoying. Price went for my previous sell target.

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Good morning. This week has been an interesting week for price action. I've had to adapt expectations as price action unfolded. I had initially thought we would break 1.2269, but it looks like the distribution pattern won't have a UTAD.
Based on current price action, this is my expectation for today, last day of the week:

Trade active

Buying to sell entry.

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I love GBPUSD 🤩🤩🤩
This is what I expect for Monday and Tuesday next week. I would give an updated comment on Wednesday.

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Currently with unfolded price action, I am anticipating this:

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That was tricky for a moment...still observing Price action.

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hmmm...

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I would be looking entry there...

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There was no entry...as long as price doesn't break the high and reach the bullish target, I would be looking for 15mins BOS to take liquidity.

Trade active

there wasn't much room to join the momentum yesterday. Selling at the moment.

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Hmmm... As long as price doesn't break the HL, I would buy the breakout.

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Trade active

Plan for today:

Trade closed: target reached

Trade closed manually

The main sell setup has become invalidated. My bias is shifting.

Trade closed manually

The main sell idea is invalidated, but since I am posting a new setup tomorrow, this is my last sell analysis of this setup and today.

SwingingPrime

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GBPUSD Sell Setup

by SwingingPrime

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