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Gu

GU - Weekly Timeframe Analysis (ICT)There is nothing too significant based on last week's candle. My only observation is that it created equal lows and ended with a green candle. Based on my analysis on the DXY, I could see that weekly candle being a catalyst to induce the bulls into the market. The only concerning thing is the Commitment of Trader report with large specs still being heavily long. My experience is limited observing the report week by week, but one thing I've learned is that regardless of the report, bias can change on a dime.
by Road_2_Funded
GBPUSD: Could continue moving higherPrice continues to show higher highs and could continue moving higher. Yesterday price broke the buy side liquidity (BSL 1H line) then pulled back down. It could continue moving down to take the sell side liquidity (SSL 1H line) and even the 79% Fib level (OTE level). Waiting for these levels to be broken and see if it will provide setup to get long. But since price already took the 1H bullish order block (BullOB 1H line with yellow arrow), it is also possible that price will reverse back up from here.
Long
by Paul_FRX
GBPUSD 13/8/23GU giving us a textbook markup here, we have a very clean internal price action move with a bullish short term swig higher, this is perfect to lead us into our overall swing range which we are expecting to sell lower, this will lead us nicely into what we expect for the USD pairs which is a sell off into a huge upside move. We are looking for sells from our high of the range here as long as we don't clash with news or have any other external factors. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPUSD: Directional bias is neutralPrice is still pretty rangebound. It left a long wick at the top then aggressively moved to the downside leaving fair value gaps and taking sell side liquidity (SSL 1H TAKEN line) before moving back up to fill up the fair value gaps. Price could continue moving up to take the bearish order block, which happens to be also the 62% Fib level and this Fib level is the start of the optimal trade entry (OTE) range. Or, since price is already near the levels at the bottom,, it could move down to take those first, then move up. Waiting for how price will approach the above or below levels and how will it react at those levels.
by Paul_FRX
GBPUSD could move back up to bearish order blockGU 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 gaps on its way down and likely to come back up to fill those up. In the encircled part, if we go down to 15m TF, there is also a relatively equal lows that were taken out and was followed by an aggressive move up, which adds as a confluence that price is likely to move back up
Long
by Paul_FRX
2
GBPUSD is currently ranging and is likely to reach for the lowGU 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 setup to target those levels and then wait on how price will react at those levels.
Short
by Paul_FRX
GBPUSD could move up to take the 1.28000 levelMy 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 order blocks and sell side liquidities and fib 61.8% level then pulled back up. It is likely to continue to move up to take levels sitting above. As I mentioned before, these levels acts like magnets that draws prices into them.
Long
by Paul_FRX
GBPUSD - GBP Now Stronger Then The USD?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 upwards trend so we're only interested in long positions. Price has made a move to the downside which may seem bearish, however this is just a pullback in an upwards trend. Where we're at currently looks like a great possible place to enter. We've got a previous area of resistance and as we know resistance often becomes support once broken so we expect that this will happen this time around. This isn't just our only confluence though. At this level we also have the middle between the 50% fib retracement level and the 61.8% fib retracement level, which is often called the "golden zone". All this means is that we expect bullish momentum to be in this area which would in turn push price to the upside making our level more attractive to buy at. To add further bullish strength to this level we also have an upwards trendline. This trendline has been respected multiple times in the past and every time its been touched we've seen strong bullish momentum. With trading history often repeats itself which is why we expect price will respect this upwards trendline again. Finally to further our point on the technical aspect we've been seeing slowing bearish momentum indicating to us that the bears are taking a step back and it's time for the bulls to step in and push price higher. This morning we did have some news come out for the GBP which was worse then expected, however this news isn't comparable to the bullish strength that we have so this doesn't really matter to us. Taking a look at the fundamentals as well we can see that the GBP actually overtook the USD in strength, meaning the GBP is now the 2nd strongest major currency whereas the USD is the 3rd strongest major currency, so this just furthers our bullish thesis, however we still have more bullish confluences to add to our idea. As of the most recent report for institutional positioning for the GBP we saw an increase in short positions of 18K which may seem bearish, however we also saw an increase of 24K long positions so this is very bullish for the GBP. This isn't the same for the USD however. As of the most recent report on institutional positioning for the USD we saw an increase of 7K long positions, but we also saw an increase of 8K short positions, meaning this is bearish for the USD. Overall we have all of our confluences pointing to bullishness on this pair and we're also sat at a strong level which we expect to hold, giving us a strong reason to be bullish! Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
2
GBP/USD Reversal Anticipation - Long BiasOutlook 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 further down which I don't think we will get to but it is not out of the realm of possibility. My anticipation for higher prices is based on the liquidity residing above and the strong correlation in the COT reports. Always look for confirmation.
Long
by Road_2_Funded
4
GBPUSD Buy SetupOANDA: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. Price retest 4Hour discount price Order block. Price created a shift in market structure on 1hour time frame. What do you see on your chart? Kindly share your thoughts in the comment section, will be reading them. If you love my idea, give me a like and follow me for more future updates like this.
Long
by Elijahenoch7
2