Gu
GBPUSD Short-Term AnalysisThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes
This Analysis was done using my complete Strategy which includes:
- Smart Money Concepts
- Multi Timeframe Liquidity and Market Structure
- Supply And Demand
- Auction Theory
- Volume Analysis
- Footprint
- Market Profile
- Volume Profile
- WYCKOFF
- ETC
GBPUSD Bullish setupI would be watching for price taking out liquidity before more bullish momentum.
The setup is valid as long as price accumulates before breaking the recent high.
*If price doesn't accumulate and breaks the recent high, I would be looking for distribution at the next significant zone.
GBPUSD Sell SetupPrice has been on a bearish trend for a while now. Price action has unfolded unique structures along the way confirming the wave correction.
In continuation of my previous sell analyses and setups, I am currently selling to 1.165.
I would be looking for additional opportunities to sell in Monday and Tuesday sessions. This move should conclude the month long correction.
** As always, trade cautiously.
GBPUSD longGBPUSD long
After taking buyers liquidity GU made bullish change of character (choch).
BJ key levels helps to identify strong support and resistance zones.
I expect price to retest support level which also has clear order block + 50% fibo level. (high probability entry)
Will enter with lower timeframe conformation (3-5 min choch).
TP 1 next bearish OB.
TP 2 max long target where sellers liquidity is sitting.
Good luck:)