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Gu

GBPUSD 11/2/24GU to start things off is in a very clear retracement stage within the higher timeframes we dropped a 4H chart last week you can use as a reference, overall i am looking for this to un higher into our FVG and supply zone above, now for this to happen we would have to see some bullish PA for this week so that is exactly what i am looking for. within our swing range i would like to se our lows tested or swept out, this in turn would lead us into a new move higher, running our previously created major high. as always we will track what price gives us and look to follow the order-flow rather than blindly following what we want to happen to price.
by PipSurfingSociety
GBP/USD Shorts from 1.27400 pro trend idea.My previous scenario (A) for GU unfolded precisely as expected, with the bullish reaction aligning perfectly with the marked demand zone. This week, I anticipate further upward movement towards my supply zone (A) near 1.2400. My reasoning is that price will likely seek to address the significant imbalance in that area before initiating a downward move. Although not the closest point of interest, I also consider scenario (B), wherein price mitigates my 17-hour demand zone. This could trigger a temporary bullish reaction, potentially driving price to reach the marked supply level (A). Confluences for GU Sells are as follows: - Price has broken structure to the downside. - Major imbalance left below the supply level which needs to be filled. - Market trend is overall bearish on the higher time frame. - Aligns with the dollar (DXY) as that's moving bullish currently. - A clear 20-hour supply zone where I anticipate a Wyckoff distribution to take place. - Lots of liquidity to the downside in the form of equal lows and Asia lows. P.S. This idea is in line with the prevailing bearish trend, as price has broken structure to the downside, confirming its direction. Additionally, it aligns with the strengthening dollar (DXY), which I perceive to be on a bullish trajectory. Have a great week ahead guys and happy trading!
Short
by Hassan_fx
2
GBPUSD Outlook 05 Feb 2024 Asia Session PEPPERSTONE:GBPUSD GU price is massive down due to DXY Bullish new last Friday. Now GU is consolidation 1.26112 to 1.26450 Level. That is very good sign to again gain momentum in next week. Based on my Analysis BS: 1.26451 Level After Retest SL: 1.26113 TP: 1.26728 TP2:1.27019 Disclaimer: Please be aware that this information is not provided as financial advice. It is crucial to conduct your research and due diligence before making any trading decisions. Financial markets can be highly volatile and involve risks, and the information provided here is for informational purposes only.
by ChartsInsights
GBPUSD Imminent Longs or wait for 1.26600 for bullish reactionThis week's analysis suggests a bullish reaction in line with the current uptrend, making it a favorable pro-trend opportunity. Currently, price resides in a 2-hour demand zone, and I'll be closely monitoring for a Wyckoff accumulation pattern. Should my confirmation on the lower time frame align, I'll consider buying, although this zone isn't the most optimal. Ideally, I'd prefer this zone to fail, allowing for a potential move to mitigate the 2-hour demand zone below or the 3-hour demand zone that swept the bottom boundary of the consolidation. While this zone presents a promising setup, I'll exercise caution and await additional confirmation before considering an entry. Confluences for GBPUSD Buys are as follows: - Price has been temporarily bullish and this idea goes along with the current trend. - Pullback is ongoing so I can anticipate a potential Wyckoff accumulation to unfold. - Lots of liquidity above that needs to be swept as well as a strong supply as well. - Price has swept the bottom part of the consolidation causing price to break structure to the upside. - A few clean demand zones that need mitigating like the current 2 hour or the ones just below. P.S. Despite the current bullish sentiment, I find the supply zone around 1.28000 on the 10-hour chart intriguing for potential sell opportunities. Therefore, my plan is to aim for buying opportunities leading up to that zone. HAVE A GREAT TRADING WEEK EVERYONE!
Long
by Hassan_fx
1