GU wants to continue bearish?Looking for the current trend to continue. If we see more bearish pressure step in this week we will be ready. Things still look slightly indecisive so being cautious.
Gu
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.
GBPUSD is looking real bearish now...now that we are coming to close out the week it looks like price want to break the previously weekly low. Waiting for the remainder of Asian range to play out before attempting a entry. since it is Friday price can be really flakey.
GU pulling back for the Swing Drop?Looking at price action it looks like its setting up for a nice sell for NY session. It is currently London session, the VP is thin, the Delta is negative and price is still pushing up. Looking for it to test a FVG above the Asian range before considering if the sell is ready. Cautiously buying for now as this is a set up leading into a sell.
GU Looking to make a high for the weekI'm bearish on GU looking at the price action that it gave us last week. We opened the week pushing low and now starting to look for a new high. After it finds its spot we wait for the killzone to enter. The dollar is looking like it wants to reach for new highs in the long run. So we just ride the wave.
GBPUSD - Short Trade Idea (ICT)Here is a short trade idea on GU.
On last Friday we had a volatile displacement to the downside, so I would like to take a short, targeting the SSL below, into a weekly FVG. Pretty straight forward trade. Price could go lower than that if the trade was correct in the first place, so I would likely leave a runner between 20-30% of the position at that point and trail my stoploss to breakeven.
Trade safe.
- R2F
Bear pressure is building! This is a move on GU that I have been waiting for. I need further confirmation that it want to move forward with what I am seeing so I waiting for London session to see how price reacts to the added volatility. I'm thinking that now that we have established a high for the month, price can really start to move. Key is to remain patience and just wait for price to come to you.
Give a Little...Take a Littlemanage to grab a scalp during London session but the bigger move came in NY session. Price is still indecisive and not showing what direction it wants to go just yet. Just have to sit on hands for now. Waiting for london session to see if things change.
waiting for price to show its hand...New week...new Month...new opportunities. sitting on hands to wait for price to confirm what direction it wants to go. With todays price action it looks like it wants to now push higher to start the month off. Expecting better sell opportunities later in the month. Lets see how today plays out. London session should be interesting.
GBPUSD Analysis(3rd June 2024)
GBPUSD Analysis(15M TF)
BUY/SELL SCENARIOS:
🟢BUYS: Price comes down, test and respect the 15M OB at the 1.27152 level. A Bullish CHOCH is required in order for the BUY Set up to be A+.
🔴SELLS: Price Dumps Past the 1.27061 level. If this happens with a body candle close, Sells after a Break and Retest of the Failed 15 minute OB is possible to target lower prices.
GU with a temp bullish pushBeen waiting for price to turn bearish. Its here now. so for the time being taking advantage of a pull back and will look for a entry for the sell during NY session and USD news.
😵💫GBPUSD: No Clear Bias for me. Multitimeframe updateMost recently, we are "stuck" in this box-range with unclear, messy price action
Given the fact I see bearish on HTF and bullish or messy on LTF, it's a contradiction
so right now I don't have clear confluence for this market
Overall on 15-60min. timeframes, we see recent bullish leg. Accumulation and reaccumulation
models are pushing price higher, however price is often choppy and wicky, which makes it hard to trade, at least for me
☝️Do not act based on my analysis, do your own research!!
Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions.
⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
GBP/USD Long to Shorts from 1.27000This week, my plan for GBPUSD (GU) is to buy up towards the 10-hour supply zone. I will wait for a retracement to occur, allowing for a Wyckoff accumulation to form within the demand zone before taking buys, possibly targeting the relative equal highs I have marked.
If the price doesn’t retrace deeply and moves straight towards the supply zone, I will look for a Wyckoff distribution to initiate sells. This supply zone is more promising as it's a refined version of the 21-hour zone I marked last week.
Confluences for GU Buys are as follows:
- Price has left a clean 8hr demand zone that has swept liquidity.
- Price has been bullish and this idea is a pro-trend idea.
- There is lots of liquidity to target in the form of equal high and Asian high.
- There is still an unmitigated supply that needs to get mitigated as well.
P.S. If the price doesn't respect the demand zone, it could drop lower due to the imbalance below. In that case, I would look for a deeper demand zone to buy from or wait for the price to change character (CHOCH) to the downside.
GU needs to give us a directionLast week was impulsive and continuing to push bullish. The dollar has not has any significant news to push it in either direction so the rest of the market is moving in response to the dollar. As this week opens we are getting close to summer months. Will allow price to open and find a direction before reacting.
GBPUSD Analysis (20th May 2024)
GBPUSD Analysis
On the 1 hour Timeframe, price has tapped into the 1 hour FVG and rejected very strongly and created a 15 minute Change of Charcter to the upside.
Currently Price has retested the 15 minute bullish OB at the 1.26865 - 1.26924 level.
There are 2 scenarios i am looking at.
1) IF price breaks through the Bullish OB with a body candle close below. If this happens i will be looking for price to do a break and retest to continue selling.
2) Price rejectes of the OB and creates a 15 minute CHOCH at the 1.27094. If we see that i want to see a retest of that key level or a retest of a bullish FVG or OB to continue longs.
Waiting for clear signs before reactingLooking for bearish price action but aware of my bias. Need to see more confirmation in price action before getting active on any position. Price is basically in a neutral zone and can go either direction.
A bearish week of price action aheadprice has been waiting to move in position to start a bearish move. we are now in position to form a solid H&S pattern on the 8HR chart. need to continue to see confirmation it wants to continue down though so will scalp cautiously.
💡GU Multitimeframe 💡Starting to see some bearish confluences on GU
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
GBP/USD Longs from 1.24800 up towards 1.26600My analysis for GBPUSD this week is to uphold the bullish trend we've observed over the past week. With a newly established 1-hour demand zone and a nearby 5-hour demand zone, I anticipate price to decline from the current supply and head towards the demand zone.
This move is expected to occur mid-week as price retraces and forms a Wyckoff accumulation within the demand zones. Presently, I maintain a bullish stance until price reaches the daily supply zone. Upon reaching this zone, I will seek significant selling opportunities as it represents a high-quality zone.
Confluences for GU Buys are as follows:
- Price has been bullish in the recent price action as you can see via the market structure.
- Two demand zones in close proximity has caused a break of structure to the upside.
- lots of liquidity in the form of Asia highs above to target as liquidity.
- Unmitigated daily supply that price needs to go towards.
- Dollar is also dropping so it makes sense with this bias. as they move opposite.
P.S. If price breaks through the current supply, I anticipate it will target the liquidity above and possibly head straight for the supply zone above.
Have a great trading week!
Still Bearish on Price actionjust waiting for GU to break it on down. We are now coming to a area of resistance. if it can hold i am expecting it to drop from here and i can get a nice scalp to close out the week.
GBPUSD - Short Trade Idea, Analysis, and ICT EducationHi friends,
I hope everyone is doing well.
In this video I share my analysis and bias with GBPUSD, I show you how I come up with this analysis, and I advocate additional confluences in your analysis as well as demonstrate what I mean. But please note, I am using ICT Concepts. If you aren't familiar, then it wouldn't make sense to you. However, you will probably have your mind blown anyway. No other concepts allow you to predict price action with accuracy before patterns form.
As you know, I've been expecting a stronger USD and Weaker XXXUSD pairs. We have quite a few confluences going on which give me faith in this bias and narrative. You'll have to listen to me ramble in order to find out the sauces that I use for my bearish dish. Apologies to the lazy folks ;)
I implore you to go into your own charts and study the same thing. If not, you'll be cheating yourselves.
- R2F
Bearish pressure buildingBeen waiting on price to do this. Looking for it to continue to as we come into another London session I will try and spot a entry. But must sit on hands until then cause price is very indecisive.
Beginning of a reversal...been waiting for GU to turn back bearish. Now it looks like its ready to start making that turn. At this point just waiting for further confirmation going into London session. If we can manage to break above 1.258 before London open then I will expect for price to make a new high for the week. if we maintain below that zone until after London session then I will look for a test and reject at that level.
