GBPUSD FOR BUYNice Support zone in GU
Buy GU now
SL: 70- 80 pips
TP: 400 pips
Risk management very important
@mdrtrader
Gu
GBPUSD Buy Setup ~300pipsGBPUSD broke structure on the daily, however, we have had no retracement since the bearish impulse began. I started identifying this expanding diagonal since Monday, and price has been consistent with the expansion.
Mid-week trading on Wednesday usually sees a reversal of momentum for the rest of the week. Instead, I can see Price has completed the reversal pattern.
For as long as this setup holds, my current expectations for the rest of the week is GBPUSD bullish. I would be targeting 1.23630 for about 300pips.
As always trade cautiously.
GBPUSD Sell setupI would be looking for a sell from 1.21600 to about 1.19000. We've made a lower high and broken structure to the downside. The anticipated pullback did not occur. Therefore the next target is at 1.19000.
Short Buy GBPUSD pt. 4From my analysis, I am looking to continue buying from 1.21276 to 1.23064 for today, the end of the week. I would anticipate a further buy into next week to 1.23764 before the sell continuation. This is all part of a correction.
As always, trade cautiously
December 2022: Selling GBPUSD Pt. 2Hello everyone, the sells have begun. Following my previous analysis, We've been anticipating sells for the rest of the week, with indicated targets at 1.1739/1.1738. The areas I have marked on the chart: 1.24251, 1.24042, 1.23552 are possible areas of pullback with this sell impulse. It is best to wait for price to pullback into areas and wait for consolidation before entering an order.
As always trade cautiously. Happy Profits.
December 2022: Selling GBPUSDHi everyone :)
I usually play my game plan as an overall guide to my day trading for the week. For any disciplined funded trader, one of the common rule is our inability to hold trades over the weekend or continuously through a month. Except you also are building a side account like me ;). However, I am sharing my entire analysis, because we are at the end of the year, reaching the end of the month and in a very hot week (Check the hot news releases for this week). I am anticipating a lot of impulses in price action this week and next week.
I am anticipating a strong sell all the way to 1.1097 as part of the Elliot wave correction. Price has been bullish since 26th Sept. 2022. This is a correction for a bullish GBPUSD in 2023. The composite buyers are taking profit, and driving price to discount for a move higher.
Trading GBPUSD within this volatile period may be challenging, so pay attention to price action NOT indicators. I am expecting a seller's market to 1.1739/1.1738 as my first target (possibly the target for this week). A possible pullback into resistance might occur to 1.2033 before another strong sell to 1.1097. This second bit might happen next week.
As always, trade cautiously, observe your leverage and margin, manage your risk. I wish you a happy end into our trading activities for 2022.
Short Buy GBPUSD Part 3 As part of my previous analysis, I am expecting a recovery on the GBPUSD to 1.24235 or 88.6%. Price is currently at a 1.618% expansion. This would be a internal retracement in the sell continuation. At 12, we have BOE interest rates announcement. This should help provide the momentum to those levels.
GBPUSD SHORTHi Traders,
Price tested the bottom trend line of the channel multiple times. Expecting Price to break down reaching the 1.19600 area.
Target price: 1.19600
A break and retest entry on the break of that channel might be a good one.
Thank you. Trade safe!
Buying GBPUSD ~100pipsAs detailed on my chart, I am looking for a pullback in price action to 1.22303 during market open and Asian session for about 60pips on average, then a buy position for about 100pips into LDN and NY session. A more precise TP should reveal itself with Price action.
From my analysis, Monday and Tuesday should see overall bullish price action.
Buying GBPUSD ~100pips Pt.2From my previous analysis, Price did not pullback into resistance and the upper OB, rather made a 38.2% retracement, before falling to the 88.6.
I entered on the 5mins BOS, and I am expecting price action in this shape.
The pullback on the shape should correspond to a 38.2% or 50% from the recent low. This is of importance when looking for an entry.
We also have GBP news at 7am, so keep watch as well.
As always, trade cautiously.
GBPUSD trade idea (MON: 12/12/22) : BUYGU has broken and has been breaking previous market structures, only to keep going higher. GU should keep buying the whole week returning to previous supply / highs.
This is just an idea
GBPUSD SHORT WYCKOFF MODEL Spotted Wyckoff MODEL on GBPUSD in short zone!
- Confirmation for shorts - price sets below 1.22
GBPUSD Friday Buy SetupAs detailed on my chart, I am looking to sell for about 50pips, and then buy for about 80pips to conclude the bullish move for this week. It's been a good ride. Next week might see massive bearish moves.
GBPUSD Friday Buy Setup PT. 2I would be looking for a pullback setup to 88.6, then a sell before the final buy of this week. Price action is showing steady exhaustion to the bullish run of the week.
GBPUSD Friday Buy Setup PT. 3Price broke the high, so my previous idea to sell became invalid. I would be look for a pullback to the indicated OB for a buy to TP. We just have one news item on the docket today. There's no more room for further downward price action.
Buying GBPUSD ~150pips continuationThe Buy setup held...thankfully. I gave the entry in the earlier setup. We need one more push to reach the TP at 1.22747. I would be anticipating the reversal at 1.21396 or at the demand zone. The key is a 15min BOS. I would add more positions only after the pullback. As always, trade cautiously.
Buying GBPUSD ~150pips continuation Pt.3If we do not have a 15min pullback and price breaks the high, I would be expecting a resistance at around 1.2206 that would take out the liquidity of 1.21399 before shooting to TP. Manage your positions adequately.
Buying GBPUSD ~150pips continuation Pt.4I am currently in a sell with GBPUSD to my buy entry at 1.21340. I would be buying to TP for about 141pips for today. This is part of my ongoing buy analysis on GBPUSD. The buy setup might not have been as simple as point A to point B, but it has given direction to understanding the movement of GBPUSD.
GU sell live trade executionjust a quick video on how i executed on this GU trade.Just some small insights into how i take a position.
Scenario 2: Selling GBPUSD ~100pipsPrice action is not encouraging for the earlier setup. Well, every trader must be adaptable. I looking to sell from the 38.2% to 1.20625 about ~100pips, if Price keeps building up into supply. I would be looking buy positions after that.
GBPUSDRunning trade, 1.1924 entry. Right on liquidity zone 61.80% fib. TL channel is broken/ retested.
