GBPU/USD Shorts from 1.30200 continue trend!GU Analysis Breakdown:
This week, my GU analysis centres on the idea that price will continue to follow its bearish trend. With a recent structure break to the downside, price has left behind a clean, unmitigated supply zone. I’ll be watching for a retest in this area as an opportunity to catch potential sell positions.
If price revisits the 10-hour demand zone I’ve marked, I’ll also be open to a potential bullish reaction there. Should this demand fail, I’ll look for a deeper mitigation at the next demand level below.
Confluences for GU Sells:
- The DXY has been very bullish, signalling a continued downward bias for GU.
- GU has maintained a bearish structure, aligning with this pro-trend idea.
- An untouched supply zone offers a key area for potential sell entries.
- Significant liquidity below, providing additional targets.
- The 1-hour supply is positioned at the psychological level of 1.30000.
P.S. There’s a strong pool of liquidity above my supply, so if price briefly moves higher to take the trendline liquidity, it wouldn’t be surprising. Stay diligent, and have a great trading week, everyone!
Gusell
WC 19 June GBPUSD Intra-Day Sell SetupCould reverse any day this week.
MRN for the pound tomorrow. Would be good to see what it does.
Structure break M15 has yet to happen but intermediate LTF structure has.
In the HTF's GU still very bullish.
This is a short term sell setup
If price goes beyond and stays above 1.2850, this setup becomes invalid.
GU 4H 6/19/22 Bearish Continuation IdeaWaiting on market open to see where price is going to go.
This could be a scale in entry for the current downtrend that is already happening.
Waiting on pullback completion to determine actual entries. Price is currently in previous 4H liquidity zone area.
Using Coach Max FIBs
20220619GU
Next Week Be Ready..Hello Everybody
So I was doing my Analysis today and as expected GU is shifting in his bearish mod again
The original entry was missed on my side at the top of the shift, but it is never too late to hop on the train, so for the next week I'm expecting GU sell-off as marked some good Supply Zone's to look for shorts
Anything can happen of course but will we see a retracement to the 4h supply zone or will the 15-min supply hold give us new lows on GU I'm excited about the next week, enjoy your weekend
(On the Chart the PH stand for Protected High of the current TimeFrame and LQD is the Liquidity side we are targeting)