Gu
GU- Neutral on bias.. more evidence needed before I will enter.bearish- Looking for either a double top or lower high for entry on sell. However over the past couple of days we haven't seen the bearish pressure as before and gbp has been holding well.
bullish- i'll be looking for breakout and retest of the nearest resistance level. Most likely ill be looking to the h1 and m30 timeframes for optimal entry if this is the move and eyes will be towards the 1.40 however there are few levels of possible resistance on the way which could make great trading on the lower time frames.
GBPUSDAs I said last week ..exactly as I said last week GU hit the area of the trend line from where it had a very high rejection that will continue in the next period until the area 37680 where it will have a small rebound and if it manages to break that area will go down 1000 -1200 pips in the coming months!
Even if in the short term GU will make a range move in this area ... in the long term I will look for SELL!
As you can see in the 1 month chart GU has rejected from the trend line formed in the last 10 years that coincides with Ichimoku's cloud ... as I do not believe in coincidences in Forex I will continue to believe that we will have a descent to the 1.38 area and there right around 1.33!
However, with a closing even for a day over 1.38 I will look for Buy to the trendline and from there ... DOWN AGAIN!
THIS WEEK...as I said in the last weeks GU has already dropped 550 pips from the 1000-1200 I predicted!
Even if he makes a range in this area and climbs again to 38700 ... I keep my idea of descending until he restores all W
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GBPUSD - MORE DOWNSIDE?This is what I'm looking for next week. Dxy breaking key levels and pound in the bin as a result especially with EU blocking vaccine exports to UK.
Lots of confluences for price to react.
4hr Support
200 EMA
3rd Touch of channel
Clear new LL's LH's structure
61.8% fib
Target is the 800ema and 1.35 key level
A break above the channel see's buys up to 1.41 but given the key breakout on the weekly and daily timeframes could be a bad end to the month for cable
GBPUSD LONG ANALYSIS, CUP and HANDLE FORMATIONI'm watching GU for a possible long entry either at the cup and handle formation or entry at the lower resistance level.
GU complementstatic resistance
channel midline
thickness of kumu at the very end
baseline of ichi resisting
RSI position
the retails news which was negetive
all of them tells me that price will fall
its is very probable for price to fall to green area.
in this scenario after falling to the point we will start a new 1st major wave
time will tell us every thing
GU wave complementas previous analysis we are in a 4th major wave which needed to a 5 count waves for completing, as we see we count consider the minor waves as 1,2and3 we need a minor 4th bullish then a 5th minor for bearish to complete the sub 5 waves pulse.
lets see what will happen
GBP/USD retracing back to 1.37500 area before continuing lowerThis is my analysis for GU's price this week. Leave a comment if you liked this analysis. If you have any other thoughts leave them down in the comments and support with a like. Thank you!
GU to gather liquidity. my idea is that GU will make a move further down short term to gather liquidity before braking out and making a move higher.
GBPUSD 1H timeframeHello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
GBPUSD 1H timeframeHello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
GBPUSD 1:27Very nice short taken today on GBPUSD. 3 pip Sl. 4hour unwillingness. LTF BOS giving early indication of downside potential.
GBP/USD "Cable" Accumulation I can see a large 4HR Accumulation on "Cable" This is the Wychoff Accumulation 1 schematic. I have setup 2 different trades one targeting the initial break of the descending trendline and the other is targeting the previous weekly high.
GU - sell (h4)In h4 timeframe, we can see clearly 4 top ( lower high )
-> it show that uptrend is weak,
And I saw a good zupply zone,
We can wait h4 confirmation a power candle to sell for safety.
GBPUSD LONGChart explains it really. In line with higher time frame bias and confluence with bearish DXY I'm expecting.
GBPUSD Daily Analysis from a beginner.Hey yall, let me know what you guys think about my analysis and the trade I placed this morning for GU
