This pro-trend idea aligns with the current bullish momentum, as we see price break structure once again. The recent impulsive move broke the previous supply, creating a new demand zone. I will now await a pullback to this demand zone, specifically a promising 3-hour demand. However, I won't be surprised if price continues to climb, reaching a supply area and...
My 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...
The level of 1.2790 previously acted as strong resistance during consolidation. Currently, the price is testing this level with the intention of make it as new support. We are awaiting a potential buy signal on this chart.
GU appears to be bouncing off the downtrend line looking for upside potential. Gu is holding is ground above the previous trend line this is the 3 target prices we are looking at.
GU and the rest of the xxx/usd assets have been forming obvious corrections this month Why is it a correction and not a major top. Well, corrections... 1. begin with very little consolidation (vs peaks that contain big periods of consolidation before reversing). As you can see GU only consolidated for 2 days before coming down. 2. they usually contain 1-3...
Confluences: 1 HR cross above 10 EMA 15 MIN 10 EMA crossed 50 EMA to upside Bullish reaction @1.2450 support level Happy Trading 😁📈
Based on my past experience in the market, the price action algorithm has given us a potential long opportunity for GBPUSD. When price begins to reach into my POI at this area, I will be watching price action for signs of exhaustion and absorption. If I see the type of price action discrepancies that I like to see before entering a setup, I will be pulling the...
finally a nice dip now i would love to see if market can make a nice pull back and then we see if we are still hunting the initial TP of 1.1780 Follow me for more analysis
GU 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
Use appropriate risk and trade management. Split risk accordingly.
As discussed yesterday, GU formed a double bottom, it has formed its first leg and made a retest, it has now formed a smaller structure double bottom at 50ema support, we should see some good buys now for the second leg
Using only 1% Risk on this one. Strong risk to reward ratio as usual. Not the end of the world if this doesn't go to plan. Only 0.5% - 1% risk being used. Risking ~24 pips to make ~124 pips. R:R ~ 1:5
Confluences: Price near daily support Previous weekly candle closed bullish 5 min bullish push above 10EMA
GBPUSD analysis update and I’m seeing it’s going to move for +140 PIPs to the upside ✅
Buying AJ to target area. Trade will only be executed from BUY AREA on signs of continuation - Targeting +30pips Markets are extremely volatile, manage trades with appropriate risk! Trade Safe
Hi Traders, Please see below GU Long idea. Risk 1% for 3% gain.
Price is at a key level. Possible break out to the upside to test the 1.3715-50 area . If price rejects current or break out levels then push down the previous lows. DXY is pulling back but looks to be testing lows at 93.75 on higher time frames.