GBPUSD (Daily + H4) – Bullish Symmetry with Shark Execution & El
Hello awesome traders!
I hope your trading week has been phenomenal. Let’s close out the week strong with this GBPUSD analysis combining Daily structure with lower-timeframe execution.
Main Chart: SYMMETRY (Daily) – Bullish Setup
Price has completed a perfect AB=CD symmetry structure with clear legs from the May rally. We now sit inside a strong PCZ (Potential Completion Zone) between the 78.6% and 100% projections, near a prior breakout zone. This type of measured pullback often sets the base for continuation when confirmed by lower timeframes.
Execution Chart: SHARK (H4) – Entry Strategy
On the 4H, we have a clean SHARK pattern terminating deep within the same PCZ as the daily symmetry. Price tagged 161.8% then immediately bounced, printing a bullish engulfing structure above the 127.2% fib. That’s our signal to focus long.
We define the entry above the minor high / 200 SMA retest — at 1.34450, with stops just below 1.33800 (under the wick and invalidation zone). Targets are aligned with fib retracement and extension zones, 61.8% first, 127% for the extended leg.
Elliot Context (H4 + Daily Overview)
On the H4, price completed a 5-leg Elliott drive with wedge structure and a sharp exhaustion push down to PRZ.
On the Daily, the Elliott overview shows price respecting impulsive wave alignment and now positioning for a corrective rally that aligns with our symmetry leg expectation.
Next Steps:
Execution: Enter long above 1.34450 only on confirmation.
First target: 1.34920 zone (61.8% fib).
Extended target: 1.36083 (127.2% fib).
Invalidation: Below 1.33800 — if price closes below the PRZ, setup is void.
Risk Management:
Clear stop placement and PRZ-based entry. Confluence from Daily + H4 structure + Elliott logic supports the long idea. No FOMO — only execute on confirmation. Let the market come to you.
Hope you all have a great weekend!
Let’s stay disciplined, trust the structure, and trade like the pros.
—Constantino DeLa
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