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.
Gu
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.
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.
ALMOST READY FOR GBPUSD LIFTOFF!We just saw clean bullish momentum for this pair! Such A BIG JUICY... BULL CANDLE and continuation after the FOMC! We have also aligned bullish on the daily, 4H, 1H timeframes.
Now looking for trend continuation to take a long 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 bullish trend change on 15min and ATTACK!
This is looking like a very yummy LONG!
Follow and Stay tuned my friends ;)
GBPUSD 17/12/23Starting our week off with GU now this is one of our only USD secondary pairs that sits in a bullish range within our SW structure. we overall will respect the range for longs while keeping in mind the gap we have under our SWL.
as it stands EU and XU have shifted their bias to short so we could either be seeing a slight miss correlations before the new year, or we have a nice fake out withing our current structures.
either way we are following our entry models and risking the according levels of cap.
A Small Correction Before Another Leg Of Buying?Overall, GBPUSD continues to trade well above a medium-term tentative upside support line drawn from the low of March 8th. From the shorter-term perspective, the pair is balancing above a short-term tentative steep upside line, taken from the low of November 1st. From the beginning of December, we can see that GBPUSD might have formed somewhat of a double top pattern, with the “neckline” being around the 1.2615 zone. Given that the rate has fallen below that “neckline” already, this may have opened the door to some lower areas. That said, this move lower might still be classed as a temporary correction, before another leg of buying. That is as long as the pair continues to run above that steep upside line.
As mentioned above, after breaking below the 1.2615 hurdle, the pair may slide a bit more, possibly targeting the previously-discussed short-term steep upside line. If that line acts as a strong support, the buyers might take advantage of the lower rate and lift it back up. GBPUSD could then travel back to the 1.2615 obstacle, or even to the 1.2733 zone, which is the highest point of November. If the bulls are still not satisfied, a break of the highest point of November would confirm a forthcoming higher high, possibly clearing the path towards the 1.2800 hurdle, or to the area near the psychological 1.3000 territory.
Alternatively, a break of the aforementioned steep upside line and a rate-drop below the 1.2456 could result in further declines. GBPUSD may fall to the 1.2374 zone, or even to the 1.2187 level. That level is marked by the low of November 10th. Around there we might see the pair testing the aforementioned medium-term upside line, which could add additional support.
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GBPUSD 26/11/23Starting off this week with British pounds in the US dollar we finished up last week with a very clear bullish directional bias and we're starting this week with also a very clear bullish bias now we are waiting for our swing high to be created so we can confirm the bullish range that we are currently sitting within I'm looking for overall a pullback to the liquid lows or our unmitigated poi to then trade price higher.
GBPUSD 19/11/23Starting this week off with GU From last Friday we've been playing within a large foolish range all of these structures that we have tracked from last week have been internal with some nice long moves lining up with our range bias we are looking for the range high to be taken and we are going to be looking for lungs into this week again if we break down the internal structure we may look for low risk counter trend sell entries but overall we are predominantly looking main target being 1.25060.
within our bullish range we are still waiting for a SWH to form.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!