GBPUSD I Follow the market structureWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Gbpusdshortsetup
GBPUSD Sell Limit ?The GBP/USD pair is currently in a downtrend . Upon analyzing the chart, the price has not yet reached our identified order block; instead, it has established liquidity levels just below the order block. This observation indicates the persistence of an existing imbalance that hasn't been resolved. Consequently, it is likely that the price will retrace back into our identified order block before resuming its downward momentum.
GBPUSD Analysis 19July2023Currently the price corrected from its bullish trend after touching fibo 1.618. if we pull the fibo retracement and we look for the SnD area which is adjacent to the fibo notation, we can find that there is a possibility that the price will go to the 0.382 fibo area which is also the same area as the SnD.
GBPUSD - SHORT; SELL it right here!What better of a (short) entry than just as this starts working it's way through that massive Shark on the Weekly ?! ...
SHORT
Not to mention that up to this point the Pound is the manifestation of everything that could be (and has been) thrown at it (monetarily speaking), including the kitchen sink. E.g., There just isn't much left in the BoE's arsenal that could prop this up any farther vs. the USD, endowing this Short Entry with an excellent Risk/Reward ratio!
GBPUSD Long Term Analsis (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Downtrend in red color (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop losses or levels and trends that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish.
- The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2700 LEVEL. Before that, you can SELL at 1.1837 LEVEL. So go for GBPUSD LONG ENTRIES.
GBPUSD forming double top and head and shoulder pattern GBPUSD faced valid resistance of 1.24526 on 4 hours chart you will see that it's making double double on exact same levels previously and it's a supply zone if seen on daily basis.
Further formation of head and shoulder pattern confirm that GBPUSD has entered into bearish mode and short calls can be taken .
GBPUSD Short RecapIdentified an opportunity during London Session.
Price was looking to take out an old high
Identified the legs of an ABC structure
As it did we looked for a creation of structure before the liquidity grab
Moved to 15 Min
After the Liquidity grab, we looked for price to break past the creation of structure for a market structure shift MSS or CHoCH
Moved to 5 Min to ID FVG
Wait for price to enter FVG and set SL above recent High
Set TP at or near point B of wave
Targeting 1:2.5 RR risking 1(or 2) percent of account
Emotion:
Groggy as I randomly woke up between 1:30-2 am
ID Session Time and likely pair
Confident in what looked to be forming
Surprised that I woke up to what looks to be a perfect set up
Frustrated due to sleep time, and inability to understand/read to FXBook calculator
Trade MGMT:
Entered minutes later than expected due to calculator difficulties
Added the wrong lot size by a few as I was unfamiliar with mobile MT5
Created feelings of FOMO that I was missing money or wouldn't get an accurate reading with what looked to be a perfect setup
Finally figured out the correct lot size and that I added 1.00 lot initially, and only needed .13 more to risk the %1/2 intended
Was tired and didn't remember if I risked 1 or 2 percent
Added and additional .13 position far past the initial trade,
Looked at the additional .13 as a scale in opportunity, which is something I'd like to be apart of my overall plan
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary
GBP/USD
TREND ANALYSIS
We have 1 Uptrend in green color (Long Term)
We have 1 Downtrend in red color (Long Term)
Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend).
FUTURE PREDICTIONS
We have many resistance and support levels that I have mentioned above.
I use thickness as an indicator of strength of levels (ONLY FOR VISUALS).
White Levels are stop ;osses or levels that were respected from the past.
Good luck everyone, stay safe!
If you need help don't hesitate to send me a message or comment
If you find this content beneficial please don't forget to LIKE and FOLLOW
Trading Involves High Risk
Not Financial Advice
Exercise Proper Risk Management