Gu
GBP/USDGU has being rallying down since MAY 2021. It has reach a daily order block, after a bullish BOS on the weekly TF. On the 4H TF structure broke to the downside ( within Jun - Jul), and mitigated ( from Jul - Aug). The second mitigation has taken place on the 1H TF, exhibiting our rules of entry(BOS, 1st Mitigation with LQ grab, 2nd mitigation as trigger entry).
GBP/USD seems bullyThis pair is different of EU. But still the same things gonna happen here. We are in strong downtrend here, but local downtrend almost broken. We crossed the 200 EMA up and hit 2 trend lines. SO, here we go. We have a great setup to trade. If we brake our downtrend lines we can open buy and next stap is far away near the 1.24. If we bounce off it down, so we won again :) We just put short here immediately and our target is 1.20 at first, and 1.18 at second.
I love such a weeks where you can trade using only simplest TA)))
But keep focus, because this is the market and no one can handle it. Even trendlines and EMA))
Best regards, yours Fridrex.
You must short GU!Hello all, with the fiasco of reality going on all over the planet. Technicals have been a show..
GU looks to be breaking HTF strucutre in it's weekly downtrend. Therefore, I will be looking for selling opportunities at the supply zones listed.
On the LTF side, I'll be looking for buy confirmations to buy towards our POI sell levels.
Discuss!
GU 4H 6/19/22 Bearish Continuation IdeaWaiting on market open to see where price is going to go.
This could be a scale in entry for the current downtrend that is already happening.
Waiting on pullback completion to determine actual entries. Price is currently in previous 4H liquidity zone area.
Using Coach Max FIBs
20220619GU
GBPUSD Daily Analysis | July 11Throughout the starting week, as mentioned in my EURUSD analysis, I expect dollar strength across all the USD bound quotes and GBPUSD, correlating with the previous to some extent, should not differ much. Would consider shorting the pair at around 1.20700, targeting 1.17560. If the shorts take place, my stop loss would be 1.22874