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
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.
GBPUSD Oct 8th Analysis Pennant/Falling wedge30 min reversal pattern Falling Wedge with bullish divergence
5 min bullish pennant. Expecting 100 pip move near 1.32000 area.
GU is looking to make a high for the weekSo we are bullish for now on GU Looking for it to break the previous weeks high before continuing bearish. If price can not break below the previous daily level and hold I'm looking for the push up for a better sale opportunity.
GBP/USD Bearish weakening, potential buys from 1.30500This week looks promising for my type of setups, with both sell and buy opportunities presenting decent prospects. I’ll be waiting for high-quality lower time frame confirmations before taking any trades. Depending on which point of interest (POI) gets hit, I’ll adjust, but ideally, I’m looking to sell from the supply zone down toward the demand zone.
Once price reaches the 15-hour demand zone, I’ll shift to looking for buy opportunities, targeting the imbalances above and the untouched Asian session highs. Although the overall trend is bearish and sells look favorable, I plan to wait for a mitigation of the higher supply zones around 1.32500 before committing to any shorts.
Confluences for GU Buys:
- The refined 15-hour demand zone has caused a CHOCH to the upside.
- There are significant imbalances and liquidity above that need to be filled.
- For price to retrace to the supply zone, it must first move upward.
- The US Dollar Index (DXY) is sitting in a strong supply zone, which could trigger a drop in the dollar, supporting bullish momentum for GU.
Note: If the buy scenario doesn’t play out as planned, I’ll wait for a strong supply zone to sell from and continue the bearish trend. However, given that price is already in a higher time frame demand zone, I wouldn’t be surprised to see an upward push as early as Monday.
The biggest move of the week is over?Now that we have made it to the end of the week I'm looking for price to retrace for a rotational move. The trend will likely not continue until next week.
GU in consolidation before giving directionSlow day yesterday. Now looking for price to give a direction for a bigger move and looking for test at key levels.
