GBP/USD Long to Shorts from 1.27000This week, my plan for GBPUSD (GU) is to buy up towards the 10-hour supply zone. I will wait for a retracement to occur, allowing for a Wyckoff accumulation to form within the demand zone before taking buys, possibly targeting the relative equal highs I have marked.
If the price doesn’t retrace deeply and moves straight towards the supply zone, I will look for a Wyckoff distribution to initiate sells. This supply zone is more promising as it's a refined version of the 21-hour zone I marked last week.
Confluences for GU Buys are as follows:
- Price has left a clean 8hr demand zone that has swept liquidity.
- Price has been bullish and this idea is a pro-trend idea.
- There is lots of liquidity to target in the form of equal high and Asian high.
- There is still an unmitigated supply that needs to get mitigated as well.
P.S. If the price doesn't respect the demand zone, it could drop lower due to the imbalance below. In that case, I would look for a deeper demand zone to buy from or wait for the price to change character (CHOCH) to the downside.
Gu
GU needs to give us a directionLast week was impulsive and continuing to push bullish. The dollar has not has any significant news to push it in either direction so the rest of the market is moving in response to the dollar. As this week opens we are getting close to summer months. Will allow price to open and find a direction before reacting.
GBPUSD Analysis (20th May 2024)
GBPUSD Analysis
On the 1 hour Timeframe, price has tapped into the 1 hour FVG and rejected very strongly and created a 15 minute Change of Charcter to the upside.
Currently Price has retested the 15 minute bullish OB at the 1.26865 - 1.26924 level.
There are 2 scenarios i am looking at.
1) IF price breaks through the Bullish OB with a body candle close below. If this happens i will be looking for price to do a break and retest to continue selling.
2) Price rejectes of the OB and creates a 15 minute CHOCH at the 1.27094. If we see that i want to see a retest of that key level or a retest of a bullish FVG or OB to continue longs.
💡GU Multitimeframe 💡Starting to see some bearish confluences on GU
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
GBP/USD Longs from 1.24800 up towards 1.26600My analysis for GBPUSD this week is to uphold the bullish trend we've observed over the past week. With a newly established 1-hour demand zone and a nearby 5-hour demand zone, I anticipate price to decline from the current supply and head towards the demand zone.
This move is expected to occur mid-week as price retraces and forms a Wyckoff accumulation within the demand zones. Presently, I maintain a bullish stance until price reaches the daily supply zone. Upon reaching this zone, I will seek significant selling opportunities as it represents a high-quality zone.
Confluences for GU Buys are as follows:
- Price has been bullish in the recent price action as you can see via the market structure.
- Two demand zones in close proximity has caused a break of structure to the upside.
- lots of liquidity in the form of Asia highs above to target as liquidity.
- Unmitigated daily supply that price needs to go towards.
- Dollar is also dropping so it makes sense with this bias. as they move opposite.
P.S. If price breaks through the current supply, I anticipate it will target the liquidity above and possibly head straight for the supply zone above.
Have a great trading week!
GBPUSD - Short Trade Idea, Analysis, and ICT EducationHi friends,
I hope everyone is doing well.
In this video I share my analysis and bias with GBPUSD, I show you how I come up with this analysis, and I advocate additional confluences in your analysis as well as demonstrate what I mean. But please note, I am using ICT Concepts. If you aren't familiar, then it wouldn't make sense to you. However, you will probably have your mind blown anyway. No other concepts allow you to predict price action with accuracy before patterns form.
As you know, I've been expecting a stronger USD and Weaker XXXUSD pairs. We have quite a few confluences going on which give me faith in this bias and narrative. You'll have to listen to me ramble in order to find out the sauces that I use for my bearish dish. Apologies to the lazy folks ;)
I implore you to go into your own charts and study the same thing. If not, you'll be cheating yourselves.
- R2F
Beginning of a reversal...been waiting for GU to turn back bearish. Now it looks like its ready to start making that turn. At this point just waiting for further confirmation going into London session. If we can manage to break above 1.258 before London open then I will expect for price to make a new high for the week. if we maintain below that zone until after London session then I will look for a test and reject at that level.
GBP/USD BUY TO SELL (up towards 1.26500)This week's analysis for GBPUSD presents promising opportunities based on anticipated price movements. Near current price levels, there's a nearby 4-hour demand zone that could potentially trigger a bullish reaction, although I'm cautious about its strength. However, my primary focus is on the daily supply zone.
If price fails to reach the daily supply, it might delve deeper to interact with a stronger demand area, possibly sparking another bullish rally. In such a scenario, I'll align my trades with the prevailing uptrend, considering the recent pattern of higher highs and higher lows. Once price reaches the daily supply zone, I'll be prepared to enter significant sell positions.
Confluences for buys are as follows:
- Price has recently been in an uptrend, forming higher highs and higher lows.
- Daily supply zone that needs to get mitigated eventually.
- Good demand zones left that price might pick up another bullish rally from.
- Liquidity to the upside as well as substantial imbalances that need mitigation.
- price has also recently broke structure to the upside once again to confirm the trend.
P.S. If price reaches the supply zone without eliciting a reaction from any of my demand points of interest (POIs), I'll patiently wait for a wyckoff distribution to develop on lower time frames before initiating my short positions.
Have a great trading week guys!
GBPUSD $GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024GBPUSD FX:GBPUSD | 4H BREAKDOWN OR BREAKOUT? - Apr. 17th, 2024
BUY/LONG ZONE (GREEN): 1.25350 - 1.26215
Can be extended to: 1.24820 - 1.26215
DO NOT TRADE/DNT ZONE (WHITE): 1.24260 - 1.25350
Can be reduced to: 1.24260 - 1.24820
SELL/SHORT ZONE (RED): 1.23000 - 1.24260
Weekly: Bearish
Daily: Bearish
4H: Bearish
FX:GBPUSD fell through the bottom of the previous bearish zone so I've decided to create a new chart. The 4H is currently developing a range, bulls should be looking for breakouts above the top levels of either 1.24820 or 1.25350, bears should be looking for breakdowns below the bottom level of 1.24260. TradingView is not allowing me to publish properly with multiple timeframes so I attached a small image of the weekly and daily timeframe views. The image is anchored and cannot be resized but it gives a small visual of what I was looking at.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, gbpusd, gbp, usd, FX:GBPUSD , pound, pounddollar, cable, cablecurrency, forex, gbpusdforex, fx, currencytrading, gbpusdrange, gbpusdtrend, gbpusdidea, gu, gbpusdanalysis, gutrades, gufx, rangetrading, range,
GBPUSD - Feb. 19th, 2024GBPUSD - Feb. 19th, 2024
By request.
BUY/LONG ZONE (not shown): Starts at 1.26250, adjustable to channel low.
DO NOT TRADE/DNT ZONE (not shown): 1.25910 - 1.25250, adjustable to channel levels.
SELL/SHORT ZONE (not shown): Starts at 1.25910, adjustable to channel high.
Weekly: Bullish
Daily: Bearish
4H: Bullish
1H: Bearish
Weekly: Bullish, bearish if there's a close below 1.25350.
Daily: Bearish, supporting structure & breakdown of zone but respect to level below.
4H: Bullish structure with ascending channel.
1H: Bearish but has respect to channel low.
I personally would not trade this at the moment but if I had to I'd go short just because high frame respect to zones and most recent low frame pushes. Keys here are the zone that the daily frame broke and respected and the channel drawn on the 4H. Bulls should want to see the channel respected into a breakout of the zone around 1.26250 - 1.26350. Bears should want a breakdown of the channel lower level or a rejection of the zone bottom at 1.26250 or a breakdown of structural lows at 1.25910.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
GBPUSD $GBPUSD - Mar. 12th, 2024GBPUSD FX:GBPUSD - Mar. 12th, 2024
BUY/LONG ZONE: 1.27970 - 1.29425
DO NOT TRADE/DNT ZONE: 1.27550 - 1.27970 (Extended area would be 1.26950 - 1.27970)
SELL/SHORT ZONE: 1.25355 - 1.26950 (Extended area would be 1.25355 - 1.27550)
Weekly: Bullish
Daily: Bullish
4H: Bearish
1H: Bearish
Previous bullish target is shown and for the visual I did extend it on the screen. The expanded DNT and bearish zones are shown for either later or earlier entries, just depends on how the lower timeframe structure develops. Some lower timeframe levels and zones are drawn in a lighter blue for some reference areas on when to enter.
There is no indication on the weekly and daily timeframe other than current momentum that the price is going to turn bearish.
Dropping down to the 4H timeframe: structure has turned bearish and has broken down through the zone that was used to determine the bullish zone.
Dropping down to the 1H timeframe: price has created clear bearish structure and is currently holding, with a retest of the previous low, now the current structural lower high.
Bears can enter as soon as 1.27550 or wait for a later entry around 1.26950, both are displayed on the chart.
Bulls should wait for structural reversals to develop on the 1H/4H timeframes and/or for price to break back above 1.27970.
trend analysis, technical indicators, support and resistance, gbpusd, gbpusdlong, gbpusdshort, gbpusdanalysis, gbpusdtrend, trendtrading, pounddollar, gu, gulong, gushort, forex, fx, FX:GBPUSD
GBPUSD 14/4/24GU showing us the same here a super clean cut move for more sell side on this trend into our new daily low, we called this way back and we are all now seeing this play out perfectly so we follow our bias in hope that this will continue! Now looking for a new daily low to come into play for a trending move to tale the pair back into the same move we have above. New low followed by a shift back up into an area of supply to then drop lower again carrying on our trend giving us our overall structure we have been waiting for. We have 2 areas to watch here firstly our nearest OB marked by red line at its 50% ad secondly the daily OB that caused the shift overall!
Look for the bearish move to carry over and the trend to continue!
Trade your plan and use the correct risk! have a great trading week all!
GBPUSD Analysis (12th April 2024)
Market Analysis PT1/2 (12th April 2024)
GBPUSD Analysis
On the Weekly timeframe, price action yesterday took out the weekly low and retraced extremely hard. This shows that the weekly low that broke was more of a liquidity sweep, not a proper break of the low.
On the 1 hour timeframe, i would like to see the 1 hour Fair Value Gap get tested. Once tested there are 2 scenarios that could play out.
1) Price rejects of the FVG, and creates a bearish Change of Character. This would created bearish confirmation for me to continue going short on this pair.
2) price breaks past the FVG with a body candle close above the FVG. In this scenario, i will be waiting to see how the candle playout to capitalise on longs to potentially play the pullback, retracing the move from CPI.