GU SELLhigh probability opportunity, OB + F + P, could see some volatility once price enters that zone
Gu
GU is Bearish but we need top see price give us entryWe need a clean entry on GU to continue with the bearish pressure. Waiting for a solid pullback to give us confirmation first before jumping in.
GBPUSD Sustained SellsGU unlike EU is actually a bearish market overall and this makes sells more readily available to me. TBH since shifting over to trading gold almost exclusively I can't stand how much slower forex pairs such as GU and EU move by comparison so it is unlikely that I would trade it even if I do end up seeing something but I will call it out if I feel like it needs to do so.
That being said, GU is currently in consolidation right now after just breaking out of a previous consolidation. When we look at what GU has been doing over the past few weeks it also shows heavy bearish momentum
If you even look at the peak one might even say that price stop hunted high to get rid of sellers who had stops higher, but I'm not quite sure so I won't use that as a confluence within this particular analysis.
This is what I see, price stumbling within the consolidation a bit more and then pushing up to about this level or so to get rid of sellers stops within both the consolidation areas and then drop after that.
My reason for using this particular path is simple. I think the dealer wants to get rid of sellers but he can't drive price so high such that he gives new sellers a better opportunity - if price goes any higher he may give sellers the signal they are looking for to get in which invalidates the dealer's move. If price gets up to the level highlighted by the blue marker sells are probably off the table temporarily.
GBPUSD SharkGBPUSD Completes Shark Harmonic this gives us an insight into future price action and probability suggests we could get a reversal here, however we have to take into precaution CPI data tomorrow and the tail end volatility of the Trump Win, it is however worth an eye. With TP1 at 1.3 and TP2 1.34 offers good risk reward on a potential trade.
GU about to Make New Lows!price is Bearish! So we are looking for entries to get in and ride the wave. Thinking we can get a pull back with GBP news scheduled for London Session. We share monitor and see what we can get!
GU D B Idea 11/9/24Since price is not breaking the 200 EMA, looking for price to continue bullish and hit the D highs from 9/26/24.
GU is now in the Position to move bearishWe all be waiting for the market to give up a direction. Now that the election is over its looking like we can see where price wants to go. If it can hold within its levels we can get a solid move by NY session.
GU could be getting ready to Reverse!Now that we are in a new month AND its election week next week the market could get very volatile. Dollar has been moving bearish all week and most are still expecting it to move bullish. I'm thinking its more likely to turn bullish for a little while. Leaving the Election news to give it the bullish push it needs to start pushing back up. This could lead to some significant moves in the market. We just have to remain ready!
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GU is volatile...but we need more data for direction...I cant really call it at the moment. Price is indecisive as we come to the monthly transition. The last day of the month and anything can happen. Watching for a solid direction and sitting on hands for now until London open. Expecting some good price action for both sessions going into Thursday.
GU look like it setting up for a nice entry for London sessionI been looking for a solid sell entry to continue the bearish trend that GU has been in. The dollar failed to break out and is now retracing to grab more liquidity to push up. in turn giving us a nice entry for a sale. We have to be patient and allow price to find its resistance levels. Expecting a nice set up for London.
GU Can go either way! We need more data before we have a direction this week. The dollar is definitely bullish for the most part so being patient and waiting for a good sale entry might be the best bet.
GU about to have Diarrhea! price has been very bearish on price action. We not have a significant pull back to a area price can possibly react to. if it can maintain below this level we can get a continuation in trend. Trying to get it where I fit in and get some scalps OTW.
Carefull...GU might just FLIP! Monitoring price action and its looking like the Bulls might want to turn this thing around. Sitting on hands for now, waiting for London session to have more data to judge if its worth it to take a position. The dollar is looking like its almost out of energy and needs to take a rest.
GU is bearish for now looks like...Waiting for a sale position to show up. The dollar is showing strength and not slowing up for now. just be patient for the right position.
GU Closing out the week likely with a Rotational moveWe might get a little movement tonight for London session but I doubt it will be much. We had a big move yesterday and since its now friday I'm expecting price to move rotational in some form of consolidation.
GU with the Pressure!! Price moved EXTRA bearish last night. So its likely it will continue. Just about finding where to get in at. looking for a retrace during London which should lead to a sell entry for NY session.
We got confirmation that price wants to move bullish. Now that we have a breakout we are looking for a entry to continue the move. with news at 2am we should get a solid entry to get active. Just have to sit on hands and wait for it.
GBPUSD BUY TO $1.3200 (UPDATE)Bullish momentum seems to be holding up for GU & price action looks like it is getting ready to break above the current trendline, which'll indicate market is ready for further upside.
Price compression within Wave IV to V is getting tighter, so if DXY weakens this week, it'll support further GU upside.
Can we get some moves this week on GU?We had a tight consolidation last week. This week I'm thinking we can get some better moves.
GBP/USD Shorts from 1.31600 down to 1.30000This week, my analysis for GBP/USD (GU) focuses on the continuation of the bearish trend. I’m waiting for price to retrace back to the 2-hour supply zone, where trendline liquidity is resting just below. This retracement will set up for a potential move downward.
Once price reaches the 1.30000 level, I may consider a counter-trend buy at that point. However, with structure continuing to break to the downside, my primary focus will remain on sell opportunities. The strength of the dollar is another factor, further reinforcing this bearish outlook for GU.
Confluences for GU Sells:
- Structure Break: Price has broken to the downside, leaving behind a new supply zone.
- Bearish Market Structure: Recent market movement has been bearish, supported by the rising dollar.
- Liquidity: Significant liquidity exists to the downside, awaiting to be taken.
- Strong Dollar: The bullish dollar aligns with and supports the idea of further GU declines.
P.S. If price continues downward, I’ll wait for it to tap into the next demand zone. If price rises and breaks the supply zone, a reaction from the 17-hour supply zone may offer new sell opportunities.
Rotational price action all week! All week we have been in consolidation. yesterday we had a break to the downside but it failed to continue and starting to revert back to the consolidation zone. Maybe we can end up getting a break out from this zone to the upside to close out the week...
GU had to make it past the newsnow that we have news out the way I'm expecting to get some movement and a breakout. Holding out till London session to find a solid entry within the killzone.
GU waiting for a break outif we can get a breakout to either direction we can get some indication on where price wants to go next. I'm expecting bullishness but sitting on hands and waiting for London session before calling it.
