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GBP/USD Longs from 1.2700 back up to supplyI'm eyeing a long opportunity for GU at the 5-hour demand zone around 1.2700. The price has changed character to the upside, leaving a clean, unmitigated demand zone with a small imbalance above. While price might dip into a supply zone or move up to mitigate the 22-hour supply zone for a potential sell-off, I’m more inclined to see it return to the demand level for a possible buy, targeting the Asia high and liquidity above. Confluences for GU Buys: - Price shifted to the upside, leaving a clean 5-hour demand zone. - Imbalance above the demand zone that needs filling. - Significant liquidity above, including the Asia high and trend line. - Bearish pressure seems to be weakening. P.S. If price breaks the demand zone, it will confirm a stronger bearish trend, and I’ll wait for a new supply zone to join the trend. Have a great trading week, everyone!
Long
by Hassan_fx
1
GU Shorts from 1.28600 back downThis week, GU is expected to align with its bearish trend. Following the recent downside structure break, I anticipate a retracement back up before continuing lower. Once price reaches the 22-hour supply zone, I will look for distribution on the lower timeframe to confirm the continuation of the bearish trend. If price continues to drop and hits the 9-hour demand zone, I will monitor for accumulation signals to potentially buy back up in the short term, targeting the nearest supply zone. Given the significant liquidity on both sides, I will proceed with caution. Confluences for GU Sells: Structure Break: Price has broken structure to the downside, establishing new supply zones. DXY Correlation: The bullish outlook on the DXY supports the bearish GU bias. Liquidity: There is substantial liquidity to the downside that remains untouched. Trend Consistency: Both higher and lower timeframes show a bearish trend. P.S. I am focusing on sell opportunities this week, as the current trend remains bearish. With minimal news impacting the market, trading conditions appear favorable.
Short
by Hassan_fx
GBP/USD Outlook ICT Concepts💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on GBP/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 🔍 Identifying Key Levels The chart displays crucial levels and zones that are impacting the current market behavior: • PMH: Previous Month High, an important resistance level where liquidity might accumulate. • FVG: Fair Value Gap, indicating an area of market imbalance. • Daily FVG: Daily Fair Value Gap, acting as a significant support zone. • PWL & PML: Previous Week Low and Previous Month Low, which are key levels where the market might capture liquidity before a reversal. • BSL: Buy-side Liquidity, indicating where traders have placed their buy orders. 📊 Key Considerations • BSL: The market has recently taken the buy-side liquidity, suggesting a potential reversal. • FVG: Currently, the price is trading within the Fair Value Gap, which suggests a bearish sentiment as the market might use this gap to gather liquidity before moving lower. • Daily FVG: Tapping into the Daily Fair Value Gap indicates a potential support zone where liquidity is gathered, potentially leading to a price reversal. • PWL & PML: These levels are significant as the market might target them for capturing additional liquidity before a reversal. 📉 Current Price Action The recent price action shows a bearish bias. The market has taken the buy-side liquidity (BSL) and is currently trading within the Fair Value Gap (FVG). This suggests a potential for further downward movement as the market uses this gap to gather liquidity. 🔄 Bearish Scenario Given the current market conditions, the bearish scenario is supported by several factors: • PMH Swept: The market has taken liquidity above the previous month high, indicating a potential reversal to lower levels. • FVG: The current Fair Value Gap represents an area of imbalance. If the price continues to trade within or below this gap, it reinforces the bearish outlook. • Daily FVG: Tapping into this gap suggests the market might use the gathered liquidity to drive prices lower. • Targeting PWL & PML: The price could target the previous week low and previous month low for capturing additional liquidity before a potential reversal. 📈 Bullish Scenario Considerations While the overall bias is bearish, there are factors to consider for a potential temporary bullish move: • Creating Low Resistance Sell-Side Liquidity: For any long positions, the market needs to create low resistance sell-side liquidity by taking out the sell orders, which could then be used to drive the price higher. • Lower Time Frame Short Positions: For any short positions in lower time frames, the market must target and take out the low resistance sell-side liquidity before moving significantly lower. 📊 Chart Analysis Summary The current price action suggests a bearish sentiment as the market has taken the BSL and is trading within the FVG. The Daily FVG acts as a critical support zone where the market might gather liquidity before potentially reversing. Traders should be cautious and look for signs of low resistance sell-side liquidity being taken for any long positions, and similarly for short positions in lower time frames. Understanding these key levels and market behaviors helps in making informed trading decisions. 🙏 Thank you for joining us! Exploring GBP/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin
GBP/USD Shorts from 1.27000 back down (Pro Trend)My analysis for GU is bearish, and I am currently waiting for a pullback into a daily supply zone to look for shorting opportunities. Once the price taps into my point of interest (POI), I will look for a lower time frame (LTF) Wyckoff schematic to take the price down. With the dollar looking bullish, this analysis aligns well. Additionally, this is a pro-trend trade, as recent price action has shown lower lows and lower highs. If the price creates a new break of structure (BOS), we may see a new supply zone, which I will be monitoring closely. Confluences for GU sells are as follow: - Price broke structure to the downside on the higher time frame - Daily supply level left unmitigated thats now become our POI. - Lots of liquidity left to the downside as well as an imbalance - DXY is also correlating and supporting this idea as the dollar is looking bullish right now. - Lots of bearish pressure which means the correction is pending back up. P.S. If the price continues to drop and enters the 6-hour demand zone, I will look for buying opportunities back up to a nearby supply zone. It's important to stay adaptable based on what the market presents.
Short
by Hassan_fx