GBPUSD Bullish Setup Jan. Week 2, 2023
The long anticipated bearish retracement came through. Price met my bearish target from previous analysis (see referenced ideas) at 1.1881 and broke structure on the H4.
For this coming week, following price action I would be anticipating a retest of the discounted zones at 1.1936 before a bullish run to 1.2298.
My idea for potential price behaviour using the path I drew is just taking advantage of the demand and supply zones between targets. Price action can change.
As always, trade cautiously.
For this coming week, following price action I would be anticipating a retest of the discounted zones at 1.1936 before a bullish run to 1.2298.
My idea for potential price behaviour using the path I drew is just taking advantage of the demand and supply zones between targets. Price action can change.
As always, trade cautiously.
Trade attivo
1h is still very much bullish. I am buying for nowTrade attivo
:)Trade attivo
Trade attivo
After this, I would wait to see if there is a 15min BOS lower.Trade chiuso manualmente
Price closed me out at BETrade attivo
I entered a sell positionTrade attivo
A bit of consolidation there. Would move SL to BE soon. Nota
My outlook for this morningNota
Ha, seems I overlooked the trend. I would be looking for a 5mins break of structure for entry.Trade attivo
I took an entry, but I am still waiting of the 5min BOSTrade attivo
It's possible price might take out liquidity before the next bullish move.Trade attivo
Price did not pan out like anticipated. I am currently sell to the break of lowTrade chiuso: obiettivo raggiunto
Yea...this is starting to look like a reversal. Would be looking for buying opportunities in NY session.Nota
wow, no buy opportunity.Trade attivo
I bought.Ordine annullato
Price hit BENota
I can see a 5mins structure. If we can get another BOS Lower, that would be confirmation to sellTrade attivo
Last trade of the day.Trade chiuso manualmente
So choppy, I have closed my trading for the day.Nota
Following my earlier analysis and identification of the Head and Shoulder reversal pattern (scroll up), I can see price forming a distribution schematic. Target is at around 1.1923. I would like to see a 15min BOS for a sell entry.Trade attivo
I took a sell position, however, I am now watching for a 15mins BOS.Trade attivo
I think there might be a pullback for more bearish action.Nota
blast I missed that move. with this expansion, we might still get liquidity taken outNota
hmmm, I would be looking for a pullback hereTrade attivo
Nice! Took the entry.Trade attivo
As NY session begins, I would be expecting this sort of Price action:Nota
Trade attivo
I took this entry.Nota
We still need a 5min BOS.Trade attivo
Good 5mins BOS. TheTrade attivo
No more new positions for the day, would just monitor this one. See you tomorrow.Nota
Good morning...I am afraid we might not see the sells we've been anticipating. Currently Price action is looking to break highs. This is what I am expecting with current price action:Nota
Before I discard the sell idea, I can see that price did not give the 15mins confirmation structure. If we can have a 15mins distribution without breaking the LH, I would be interested in selling.Nota
For now, all sell ideas are suspended. I would be anticipating this price action.Nota
hmmm..Trade attivo
First position of the day.Trade attivo
I closed the previous entry at loss because because price was looking bearish and had violated a serious low. And then, I re-entered the buy, because price did not break the low. This is the life of a precision trader. You dont play with your stops when price invalidates a setup. it is better to bear a small loss, than a huge drawdown which might also turn out to be a loss.Trade chiuso manualmente
Closed the trade at BE.Nota
I would be looking for a 15mins retest, before the next bullish run.Trade attivo
I took a sell entry.Nota
Price has broken multiple lows, If are going to see more sells, I would be looking for distribution around the nearest daily resistance (38.2%), else I would be looking for a bounce for 15mins BOS to move higher.Trade attivo
This does look like the 3-drive reversal structure. I would be watching for a change of character.Trade chiuso: obiettivo raggiunto
I would be watching for this price action:Nota
I would be watching for this:Nota
Cancel the previous setup. I think, we are ready to buy. Waiting for a retest.Nota
The picture price action is painting is a sell rather than a buy!Nota
i sent the wrong chart in the previous post. Price action has invalidated the sell. would continue waiting for a retest on the 15mins.Ordine annullato
Buys are cancelled. That's all for my post for this week. Enjoy your weekend.Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.