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Gu

Forex weekly outlookWeekly outlook TVC:DXY NASDAQ:EU $gu The #DOLLAR chart does not look clear to me. Last week we had the 1W fvg as DOL and it just worked perfectly. But the way we have reacted to the 1W fvg suggests we get at least a short term rise on $dxy. Until we get a decisive close below the 1W +fvg or above the 1D -ifvg, nothing is clear. I will be patient and start trading from Tuesday. All weekdays look promising since they have high impact TVC:DXY news. Will update again after Monday daily close.
TVC:DXY
by chartmaster1991
GBP/USD Longs from 1.26200 or 1.26000 back up This week, my bias for GU is aimed at observing a return to a demand level to sustain a short-term bullish trend. With the recent upside break in price structure, a fresh demand level has emerged, potentially signalling a bullish upturn. I'll be monitoring for a Wyckoff accumulation within my point of interest (POI) before considering buy positions. These buys aim to reach the supply zone for potential selling in alignment with the overall trend. However, considering the bullish outlook of the dollar, my bias still leans towards bearishness, viewing these buying opportunities as temporary. Confluences for GU Buys are as follows: - Price broke structure to the upside and left a clean 2hr demand zone. - Still some imbalance that still hasn't been filled as well as a 20hr supply that needs mitigating. - Market also broke major structure to the upside could indicate a bullish trend. - there's some liquidity above the recent high that needs to be taken as well. P.S. Given the abundance of liquidity surrounding my specified demand zones, I'll proceed cautiously, mindful of the potential for some zones to falter due to the presence of trendline liquidity. This scenario is expected to fill the imbalance completely and possibly reach the 20-hour supply zone I've marked for potential selling. Have a great trading week people!
Long
by Hassan_fx
2
GBPUSD 18/02/23Heading out of last week we had a pretty clean sell off after our red folder news on Friday, this gave a a clear run of our internal lows and shortly after shifted higher to take our 5min swing high, this move has now leads us to expect price to run into the zone we highlighted on our 4H markup from the beginning of this month, following the newly established bullish swing order flow we overall are long on this pair if we see an entry around our demand we will look to ride this up to the LIQ and FVG show above. Stay safe and always trade order flow. wishing you all another profitable week.
by rosshayes
GBPUSD 11/2/24GU to start things off is in a very clear retracement stage within the higher timeframes we dropped a 4H chart last week you can use as a reference, overall i am looking for this to un higher into our FVG and supply zone above, now for this to happen we would have to see some bullish PA for this week so that is exactly what i am looking for. within our swing range i would like to se our lows tested or swept out, this in turn would lead us into a new move higher, running our previously created major high. as always we will track what price gives us and look to follow the order-flow rather than blindly following what we want to happen to price.
by rosshayes
GBP/USD Shorts from 1.27400 pro trend idea.My previous scenario (A) for GU unfolded precisely as expected, with the bullish reaction aligning perfectly with the marked demand zone. This week, I anticipate further upward movement towards my supply zone (A) near 1.2400. My reasoning is that price will likely seek to address the significant imbalance in that area before initiating a downward move. Although not the closest point of interest, I also consider scenario (B), wherein price mitigates my 17-hour demand zone. This could trigger a temporary bullish reaction, potentially driving price to reach the marked supply level (A). Confluences for GU Sells are as follows: - Price has broken structure to the downside. - Major imbalance left below the supply level which needs to be filled. - Market trend is overall bearish on the higher time frame. - Aligns with the dollar (DXY) as that's moving bullish currently. - A clear 20-hour supply zone where I anticipate a Wyckoff distribution to take place. - Lots of liquidity to the downside in the form of equal lows and Asia lows. P.S. This idea is in line with the prevailing bearish trend, as price has broken structure to the downside, confirming its direction. Additionally, it aligns with the strengthening dollar (DXY), which I perceive to be on a bullish trajectory. Have a great week ahead guys and happy trading!
Short
by Hassan_fx
2
GBPUSD Outlook 05 Feb 2024 Asia Session PEPPERSTONE:GBPUSD GU price is massive down due to DXY Bullish new last Friday. Now GU is consolidation 1.26112 to 1.26450 Level. That is very good sign to again gain momentum in next week. Based on my Analysis BS: 1.26451 Level After Retest SL: 1.26113 TP: 1.26728 TP2:1.27019 Disclaimer: Please be aware that this information is not provided as financial advice. It is crucial to conduct your research and due diligence before making any trading decisions. Financial markets can be highly volatile and involve risks, and the information provided here is for informational purposes only.
by ChartsInsights
GBPUSD Imminent Longs or wait for 1.26600 for bullish reactionThis week's analysis suggests a bullish reaction in line with the current uptrend, making it a favorable pro-trend opportunity. Currently, price resides in a 2-hour demand zone, and I'll be closely monitoring for a Wyckoff accumulation pattern. Should my confirmation on the lower time frame align, I'll consider buying, although this zone isn't the most optimal. Ideally, I'd prefer this zone to fail, allowing for a potential move to mitigate the 2-hour demand zone below or the 3-hour demand zone that swept the bottom boundary of the consolidation. While this zone presents a promising setup, I'll exercise caution and await additional confirmation before considering an entry. Confluences for GBPUSD Buys are as follows: - Price has been temporarily bullish and this idea goes along with the current trend. - Pullback is ongoing so I can anticipate a potential Wyckoff accumulation to unfold. - Lots of liquidity above that needs to be swept as well as a strong supply as well. - Price has swept the bottom part of the consolidation causing price to break structure to the upside. - A few clean demand zones that need mitigating like the current 2 hour or the ones just below. P.S. Despite the current bullish sentiment, I find the supply zone around 1.28000 on the 10-hour chart intriguing for potential sell opportunities. Therefore, my plan is to aim for buying opportunities leading up to that zone. HAVE A GREAT TRADING WEEK EVERYONE!
Long
by Hassan_fx
1