Gbplong
GBP JPY perfect Wyckoff Trading setup Welcome!
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Trade Setup
i) we had a long downtrend towards very strong support.
ii) The Blue lines indicate the Accumulation process on the chart. This confirms that the market might be accumulating at this point. The
breakout through the upper level of the Accumulation range confirms the end of the Accumulation and the beginning of the uptrend.
iii) Currently market is in Wyckoff spring point, a perfect Wyckoff trading strategy..
iv) we can enter long once market breakout of the blue line with SL below Wyckoff spring.
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GBP Forecasta. 1W – Candle closed with a bearish sentiment.
b. 1D - Uptrend has been broken, therefore we are looking for a re-test and some short position .
Thoughts:
A lot of news directly influenced the price movement last week. And there is no doubt if #DXY will continue to gain strength this pair is more likely to continue its downtrend.
The alternative scenario will occur only if we could consolidate above the 1D trendline.
GBP USD - Long Offering great RRWaiting on a pullback before entering LONG.
I'm expecting price to fall into the trap between now and Tuesday next week to then take out the highs by end of next week.
I want to see DXY / USD break 93.20 to gain strong conviction USD is going to continue to break down to 92.80 and beyond in coming weeks.
These are crazy times, make sure your controlling your risk.
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SMTP
GBPUSD SWING Buy Trade setup!GbpUsd seen consolidating for a while on supports parameters after a huge bullish reversal from 1.1400 So now(Wait for Breakout) And lets take this massive opportunity, Once breakouts seen buy way up to top resistance parameters at 1.30000 Before a sell to supports but would update more on that. Please if you love my ideas support me with a LIKE, FOLLOW and also share your ideas on this particular pair too. Also always apply proper risk managements thanks!
GBPUSD waiting. Keeping the purchase.The pair maintains its laterality, which enhances the idea that it will continue in an uptrend. A clear flag marks this lateral movement. At any moment we should see a bullish momentum. If we see it with Elliot Wave, we would be in front of a lateral 4 wave. going in search of wave 5, and resistance.