LONDON: GBPUSD - REVERSAL SHORT - MOMENTUMBroken trend line, failure to break new high and RSI price line crossing all point to a nice coming move down in the ongoing correction. Going for at least 2R
Gu
ASIA: GBPUSD - B&R - MOMENTUMStop losses have been hit on longs and now we can try to enter using our favorite break and retest setup out the playbook using the break of the inside bar as our entry. Lets see what happens
ASIA: GBPUSD - 618 LIMIT - ATR SLBig rally to shake out early reversal sellers! lets see if we are due for a short term pullback
LONDON: GBPUSD - BOBBI/ABCD - IB MOMENTUMGU has broken above structure and typically we expect to retest and continue this move, however we have noticed depletion of buyers leading to a break down of an inside bar. Going for at least 2R with this one
NY: GBPUSD - HARMONIC/B&R - MOMENTUMGU has also completed a harmonic pattern but this one we were not around to catch as a limit, however we have spotted strong structure and momentum reaction so lets go for it and see what happens !
GBPUSD LONGHi Traders,
A possibility for price to continue rally to 1.22700 area.
Entry Price: 1.21700
Target Price: 1.22700
Hit the Boost and Follow me if u agree. Trade Safe!
GBPUSD Sell SetupPrice has been on a bearish trend for a while now. Price action has unfolded unique structures along the way confirming the wave correction.
In continuation of my previous sell analyses and setups, I am currently selling to 1.165.
I would be looking for additional opportunities to sell in Monday and Tuesday sessions. This move should conclude the month long correction.
** As always, trade cautiously.
GBPUSD Outlook 3/19Bearish on GU, I want a stronger low to be put in before I am convinced of sustained bullish price. Expecting a drop after last week's high is violated. Here are the levels I find interesting at the moment. This is in line with my bullish DXY outlook.
GBPUSD longGBPUSD long
After taking buyers liquidity GU made bullish change of character (choch).
BJ key levels helps to identify strong support and resistance zones.
I expect price to retest support level which also has clear order block + 50% fibo level. (high probability entry)
Will enter with lower timeframe conformation (3-5 min choch).
TP 1 next bearish OB.
TP 2 max long target where sellers liquidity is sitting.
Good luck:)
LONDON: GBPUSD REVERSAL - MOMENTUMCriteria met and trade is in line with potential DXY weakness. Lets see if it materializes. Dont get confused by the name of the setup, we are buying GU after multiple break down failures and a couple of other requirements being met
GBPUSD SHORTHi Traders,
A possibility that GU will continue to drop. Sell area will be 1.19 area. Look for sell confimation,
Entry Price: 1.19
Target Price: 1.182
Hit the Boost and Follow me if u agree. Trade Safe!
Thank you.
Daily update GU March 9th 2023Hello Traders! This is what I see and suspect is going to occur with GU.
GBPUSD Bearish SetupPrice formed a double bottom at demand on the H4, and has since seen a bullish momentum, breaking key highs to form a double top for the next bearish momentum.
Price is still bearish on the higher timeframes. Using Elliot, we can approximate what stage of the correction that is unfolding.
I would be watching for price to begin the bearish momentum at current price or from the 1.21 zone. Target is at the 161.8% expansion at 1.57
GBPUSD - SELL OPPORTUNITYSelling GBPUSD in Sell Area & looking to target TP Area (+40PIPS)
SELL CRITERIA:
- Strictly looking to enter on signs of exhaustion, reversal pattern *** Using strict volume based strategy
- Sell entry not valid on strong bullish breakthrough
Trade Safe
NY: GBPUSD 618 BUY LIMIT - ATR SLLooking for GU to continue uptrend with a buy limit activated at 618 fib retracement. Lets see if GBP can pick up some strength for NY
ASIA: GBP/USD B&R - MOMENTUMB&R identified in GU with DXY seemingly picking up strength across the board. RSI also breaking down SMA trend line for indicator confirmation and price is in fib extension reversal zone. Lets see if we can start the week off right! Safe trading everyone
GBPUSD Will Go Higher! Keep Buying
GBPUSD perfectly respected an intraday horizontal support
and bounced from that on Friday.
A strong bullish candle signifies a strong bullish pressure.
The market will most likely reach 1.2122 level next week.
Please, support our work with like and comment!
LONDON: GBP/USD BO - MOMENTUMGU has met requirements for our playbook "breakout" trade using momentum as our entry confirmation. Lets see if London can send us off to the weekend with a little 2R win
NY: GBP/USD ABCD/FIBEXT - ATROur second setup of NY also points to GBP rise but against the USD. Price has reached critical ABCD and Fib Ext level. Using our proprietary ATR for SL. Lets see how NY treats us
ASIA: GBP/USD B&R - MOMENTUMSell stop activated on break and retest setup using momentum shift as our entry trigger in line with what seems to be USD strength during this session
