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
Tradechartpatternslikethepros.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.