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Gbpusdsellsetup

GBPUSD Shorts - A grade setup blueprintThis is how I would execute my trades after I analyse on the higher time frames to give me the perfect A grade setup that I go for once price enters my POI. On Sunday I posted a GBPUSD break down of price reacting off the 6hr supply, I mentioned that sells could possibly play out on a Monday which it did, so now I'm going to show you guys how my confluences generates an edge for me to execute these trades. Firstly once price mitigates my 6hr Supply zone I would monitor price and wait for the asian high to get swept first before I validate a potential sell. Then I would wait for a clean CHOCH on the 10 or 15min to validate my UTAD (upthrust after distribution.) Once a CHOCH is formed it would typically leave a last point of supply (LPS), that will have a clean unmitigated order block that would have caused the expansion to happen. If it leaves an imbalance during this process it's usually a very good sign that price should come and retrace back to the LPS. After I have my OB marked out I would set my sell limit In which I would then wait for price to come back and tap me in. From this point I would have already have pre defined my risk, written the confluences and set a take profit target for my trade to hit (in this case we will be targeting the touch of the 4hr imbalance as that acts as a magnet for price to come towards.) In this specific scenario as you can see price didn't come back to the original 10min OB I had marked out. Price then decided to create a small BOS to the downside leaving another LPS for me to enter from which was the 6min OB. From there price came back to tap that 6min OB and literally melted towards our take profit target for a 1:15 RR with minimal drawdown. P.S. when price entered my POI I would make sure that majority of the reversal magnets are eliminated i.e. any trendline liquidity, equal highs/lows, and asian highs/lows, so that price can move swiftly in our desired direction. Hope you guys found this post insightful! as I wanted to show how I would typically execute my trading strategy using Wyckoff to catch big RR moves that enter my Higher time frame POI's.
Short
by Hassan_fx
1
GBPUSD SELLINGI've been stalking this sucker for a week now and this is my concluding forecast -The sell currently is looking inevitable -The news are in favour of the dollar - this rusing wedge has come to a bullish halt -The market is overbought thus we should be expecting the gbpusd to fall fore the moment, we are syre tthough that this pair is going to sell -2hourly trendline has been successfully brojen, signifying a fall in the pair Use proper risk management and good luck l ooking for better entries
Short
by UndergroundjuniorK9
GBPUSD BIG MOVE DOWN! LONG TERMLooking for a right shoulder rejection to either give us a opportunity for a long term short or at least just tap into the support of 0.09. Personally ill be waiting for that initial push down and look for that confirmation fail back up before taking entry's.. but I can see some huge profit potential if price can move in our favour. Just remember DXY is very bullish which will work in our favour but remember been so bullish we can see a sell off at any point so make sure stop losses are always set and you update those stops when in profits! Good luck and hope everyone has a fantastic week!!
Short
by jamison_fx
2
GBP/USD 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/USD for the new week ahead GBP/USD I think will drop another leg again like I predicted last week for a nice sell so i am expecting a pullback to the order block zones and will be looking for a sell trade look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Short
by Costy13