Gu
GBPUSD LONG IDEA next week and long termAnalysis for day and swing trading.
GBPUSD is showing strength against the dollar on a daily perspective diverging from EU(correlated pair)
Then we take apart current supply and demand and based on monday price action will get in to an amazing long snipe.
LFG....
Sell idea for GU - Top down analysisHi,
I am going to sell GU around 1.37558, here is why.
I always start my analysis from a big timeframe either weekly or daily. That does not mean that I wait days or weeks before taking my trades; I just follow the trend and take trades according to the big timeframe's target. For example, when we touch 1.37558 I will ONLY look for sells until we reach the targets.
So on W1:
As you can see we an order flow that should be respected. The demand zone is at the wick. People do not like to trade wicks but I love wicks; a wick is an order block on a smaller timeframe. Do not count it out!
We also have a volume divergence on this timeframe, sellers are coming in and buyers are exiting. When you sell you want that to happen.
On D1:
As you can see every time we reached the HH, we tapped into 50% of the last order block/supply zone/sell candle. When you backtest the pair you'd see that GU does this quite often. So to have an even better entry I'd look at 1.37728.
On H1:
I would expect something like that to happen, then ride the wave.
Look at the related idea. It was my analysis on AUDCAD which dropped 200 pips and I'm expecting it to drop some more.
Hope this helps.
If you do no see liquidity, you are the liquidity.
Analysis GBPUSD (Overall down Side)Hello Traders, GU looks like a very much a down trend for the past week. Therefor, trading it to the down side would be your best bet in your favor. As you can see the the candles are retracing to mitigate anything to bring back in profit to continue to a sell/short. Possibly would hit to the 38% to the 50% retracement to reach to the target area. According to the RSI, there is a divergence which it let me know that it is retracing. It also shows the engulfing candle to the retracement area around the Quarter point and making LH and LL's.
Beware: news is coming out for all the USD pairs. It is a red flag. starts 1/26/2022 2:00pm EST time.
Thank you for reading!
GU ShortsCurrently price is in a bearish trend and is making LL and LHs. We have just stepped out of this trend by not creating a new LL. however NY and LDN sentiment has been bearish the past few sessions at these levels we are pushing up into now so I'm looking to try and get an entry at the 78.6% retracement and then for the NY session to have a bearish sentiment pushing us down to form a new LL. We are following the trendline nicely and have just had a BOS to the downside.
Analysis of GBPUSDHello traders, as you can see GU is retracing to the upside but overall GU is on a downtrend. So I am expecting for it to reach 50% or less and a double top for a continuing to the down side long term to 27% which is my target for next week. Next week it might make another retest on the neckline if it forms a double top. Thank you for reading!
Shorting GU as DXY reaching Crucial SupportGU Might face a strong Resistance from the level marked on the Chart as DXY took a plunge but reaching a crucial Support to the 94.00 key Level. Might wait to see a good price action. Trade Safe, Don't Over risk!
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GBPUSD 1H ANALYSIS TIMEFRAMEPreviously GU broke structure then it formed a swing high which made ana order block (institutional block) then it went down forming a swing low with bullish order block now price has returned to an orderblock now from there we expext a short, thanks for reading
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GBP/USD SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
GBP/USD:Daytrade-Preparation
Important: Waiting for break of support!
Market-Sell: 1.35225
Stop-Loss: 1.35515
Point of Risk-Reduction: 1.34930
Take-Profit: 1.34090
Stop-Loss: 39 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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