GBPUSD FOMC buysUpcoming #GBPUSD outlook before FOMC Wednesday. Looking for the current level of support to keep price above and rise to 1.25000. If support happens to break, there will be sells down to 1.22500.
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Gu
GBPUSD SellsAs you can see, GU made a triple top over the past few days, price pushed down below the 200ema support to make it a resistance. Price is currently in consolidation, however, I think we will see more sells on this pair. !good bearish 1hr or 4hr should send price down
GBPUSD USING SUPPLY AND DEMAND STRATEGY and fibonnaciso my calculation for GU is up and will hit the Fibonacci and the demand zone but I will put sell if the body candle clearly bull and have no sign of bear candle
WC0123 GU Outlook: Overall bullish, short-term bearMTF Analysis
Check annotations in the anchored notes for M-W-D-H4 analysis.
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 USING SUPPLY AND DEMAND STRATEGYusing suppl and demand on GU In timeframe 1H especially the support has been touch for 3 times right now and the market structure is buy on longer timeframe which is on D1, hopefully it will bounce especially MA 200 is still above candle
GU is buy for the morningIf current 1hr stick ends bullish, we will go more up. We have broken above resistance, retested it as a support. With a confirmation of retest at the end of this current 1hr stick
GBPUSD double bottomGU has been ranging all day, finally painted a double bottom at support. Im in from 1.23648, but at the end of current stick, will be confirmed retest for breakout
GBPUSD Bullish Setup Week 1 Jan. 2023Following Price action, GBPUSD did not fall as far as estimated for December 2022. However, this is still a Seller's market.
Using Technical Analysis, I am anticipating at least a 200pip drop to 1.1881 before price retest supply zones at 1.229.
It is important to wait for price to take out liquidity at 1.21076 before we see the drop.
**Please remember, this is a public service, I do not try to catch all the moves in the market. I use my Top-down analysis to confirm directions on my intraday trades. My bias changes ALWAYS to adapt to price action. We have a direction for price action in the first week of January. My analysis might help you profit by looking for trades in the momentum of price.
As always, trade cautiously.
GBPUSD Bullish Setup continuationPrice found support 1.1923, and we have been having multiple 1h breaks in structure.
However, Wednesday LDN and NY session showed price consolidating at the break of a major structure.
I am anticipating a liquidity grab to discount and then bullish price action to 1.2138 for Thursday and a further bullish break of structure to 1.2242 on Friday.
Always, trade cautiously.
GBPUSD Bullish Setup Jan. Week 2, 2023The long anticipated bearish retracement came through. Price met my bearish target from previous analysis (see referenced ideas) at 1.1881 and broke structure on the H4.
For this coming week, following price action I would be anticipating a retest of the discounted zones at 1.1936 before a bullish run to 1.2298.
My idea for potential price behaviour using the path I drew is just taking advantage of the demand and supply zones between targets. Price action can change.
As always, trade cautiously.
GUGU bullish. It is in a daily FVG. I'll wait for price to hit Equilibrium of that Daily FVG for shorts.✍✍🏽
GBPUSD Buy?GBPUSD pushed up from a double bottom structure Friday, finally breaking through a consolidation zone, price has broken through and retested the zone, making it a support, while also retesting the 14ema, after the 14 and 50ema crossed the 200ema confirming a market direction change to an uptrend. I have entered the buy at the end of the last 1hr stick. Lets see how it plays out
GBPUSD a Buy?Looking at GU for potential buy. Double bottom on 200ema support. Price crossed over and retested 50 ema as a support. Risky buy, but I am in and will see how it plays out
1/9/23 GU game plan ( NY )Plan:
1) Entry after 8:59am @ retest of 1.21236
2) Short entry @break &retest of 1.2088
3) Long entry @ break & retest of 1.2217
GBPUSD IDEAfinally a nice dip now i would love to see if market can make a nice pull back and then we see if we are still hunting the initial TP of 1.1780
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Medium term Outlook on GBPUSD on 4H timeframePrice was making series of HH and HL until market structure shift occurred. The setup is, price will go up to take unmitigated supply before making it's second leg of downward movement
Outlook on GU H1 TimeframeThere's a short time bias on GBPUSD price created sell side liquidity which must be taken out, additionally it changed character to the upside, retested demand that caused the ChOCH and formed a new high. Target should be order block above.
December 2022: Selling GBPUSD Pt. 8With Price breaking the low of 1.20176, Price action changed and has clarified the trend developing.
Price rejected a major resistance zone at 1.2105 forming a 3rd wave of the trend. Therefore, my current bias is bearish, and I would be looking to sell into LDN session to the 161.8% expansion (1.1858).
Currently, we have what looks like a lower asian high, however, I expect price to take out liquidity of the NY high created yesterday to discount at 1.2088 before breaking the current asian low at 1.20149.
Remember to be adapt, and as always trade cautiously.
December 2022: Selling GBPUSD Pt. 7Following Price action, I have had to constantly adapt and update my positions to take advantage of the market.
We have currently broken structure on the H4, however, we have not had any significant pullback to any of the golden ratios: 38.2, 50, 61.8. Instead price has continued in a mini trend.
To complete the trend and following the impulse of price action, as long as price does not break below 1.20234, I am expecting bullish actions to 1.2166 (38.2%), and then a sell off to 1.1713.
As always, trade cautiously. Happy New Year ;)
GBPUSD SHORTHi Traders,
A possibility for price to drop to 1.19600 area. A break through the bottom channel will be a good confirmation to make a sell entry.
Target price: 1.19600
Thank you and trade safe.
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