Weekly review on price actionGU was pretty much flat the entire week. Not much moves made. But this week coming up should be very eventful.
Gu
Ending the week taking out liquidtySo we finally getting the push back into previous value. Being that it is friday I'm not looking for any entries. just watching for reaction for the potential move next week.
EURUSD/GUUSD - Reversal tryWe sold EU and GU in the morning, then bought till now and had enough profits, lest try a final sell for fun with small lots..
Previous buys on EU and GU been closed.
Here comes a sweet sell set upThis is a entry that I have been waiting for. I'm sure price will struggle to go into the zone until News that it set in the morning. Looking for price to break the weekly high, creating a high for the week and giving a sell entry. Nothing but short scalps for London. The ultimate sell will come for NY looks like.
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.
GBPUSD TO LONG DURING NFPNon farm payroll is today and my projection for GBPUSD is that it will long, but for that to happen, I am projecting a retrace to the 50EMA where it is our area of interest before it buys to 1.27588.
Bearish to Bullish GUI am looking for a Bearish drop for GU for a potential buy on the pair! I have been loking for a nice buy setup on this pair, but i have only found nice sells so far! now i am looking for a nice Sellpreassure into the buy zones! By using The daily open we can later check if this bias was a good look for it! hopefully, we could see a nicer reversal move later in the week to form a nice weekly candle!
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!
GBPUSD TO SELL THROUGH JANUARYGBPUSD is projected to fall to the zone of 1.25400 and it is expected to fall from the rising wedge and then retest to the resistance zone and 50EMA and the sell for the long term of January in correlation of EURUSD.
Weekly Review on Price Action!This past week I flipped to Bearish on GU. But as we came into Tuesday they decided to pull back on the price. This week I'm and surely going in Bearish. This is a premium set up for a nice swing to the down side.
GBPUSD London Session Buy Recap 70+ pipsPrice broke below the KL but the next 30 minute candle closed back above, indicating a small liquidity grab for price to move back up. CPI was to follow and as the next hourly candle broke the previous high, buys were entered with us anticipating CPI to drive price back up to the next KL. Secured some profits there, and left a runner to target the KL at 1.26900.
Pullback to Entry! We have Bearishness!Now GU has shown us that it is ready to move bearish. Now looking for a decent pull back for entry on a position. Hoping that we can get for London so a possible nice Sell opp coming for NY session.
GBPUSD SHORTS A falling flag was projected on Gbpusd by me and I was expecting a fall, which it did earlier today, my expectation for it today is for this pair to retrace to the 50 EMA and my resistance zone and sell to my 200EMA of 1.26564.
Will the Bearish Pressure on GU continue on a Intraday?So holding my position riding price down. Stops moved and looking for signs that it will continues just where its at. A lot of news coming up so it will for sure be a eventful week.
GBPUSD - 2024 - Week 3Much the same as EU although not as clear. I expect the same scenario where supply takes the ball and pushes us down for a time.
Reviewing GU from a Swing perspectiveWe are now 2 weeks in on the new year and as the major players come back in to the market it looks like they spent the first 2 weeks of the year accumulating orders to go bearish. As we come into the new week we are looking for more signs that price wants to go bearish now.
This sucker bout to POP! Looking for GU to Pop up during this session and make a high for the week. Taking out the old highs. This would be a great opportunity for a sell. Monitoring the Order Flow to see if price continues to support the idea.
Indecisive Price action just before a shift in structureI'm seeing that GU is looking like it wants to reverse. So I'm looking for the shift in structure on what it wants to do. We do have some news coming up in the next 48 hours for both GBP and USD. Will continue to monitor for shifts.
Solid Pull back for entry! NY session should bring the BullsThey used the previously Weekly high as support. Pulled back a little deeper than I expected. But all still lines up to break new highs. With this new Data I can see News on GBP tomorrow helping to give that spike I'm looking for.
Careful...GBPUSD Acting Flakey...Continuing to monitor price action on GU. Still Bullish but since it is now the end of the week I'm Not to confident it will want to make new highs. We cant predict the price...just move with it!
GU to go bearishAfter GBP/USD changed direction very violently, we can assume price will continue down to collect that lower liquidity.
The idea is to enter off the demand zone seen here. If all fails, the next entry is 1.27752.
Goodluck!
GBPUSD:TREND CHABGE- GET READY TO SHORT SOON!We got a confirmed bearish trend change for GC. MASSIVE BEARISH MOMENTUM
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
GBPUSD LONG We can spot a flag continuation pattern to the upside. The ray lines of 1.26923 and 1.27220 are my targets for the day, but in other for that to occur, I'm waiting on a retest t the 50EMA, there's news in some minutes time, so I expect the news to take it down for retest then we buy to our targets.
