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.
تم فتح الصفقة
1h is still very much bullish. I am buying for nowتم فتح الصفقة
:)تم فتح الصفقة
تم فتح الصفقة
After this, I would wait to see if there is a 15min BOS lower.تم إغلاق الصفقة يدويًا
Price closed me out at BEتم فتح الصفقة
I entered a sell positionتم فتح الصفقة
A bit of consolidation there. Would move SL to BE soon. ملاحظة
My outlook for this morningملاحظة
Ha, seems I overlooked the trend. I would be looking for a 5mins break of structure for entry.تم فتح الصفقة
I took an entry, but I am still waiting of the 5min BOSتم فتح الصفقة
It's possible price might take out liquidity before the next bullish move.تم فتح الصفقة
Price did not pan out like anticipated. I am currently sell to the break of lowأغلقت الصفقة: تم الوصول للهدف
Yea...this is starting to look like a reversal. Would be looking for buying opportunities in NY session.ملاحظة
wow, no buy opportunity.تم فتح الصفقة
I bought.تم حذف الأمر
Price hit BEملاحظة
I can see a 5mins structure. If we can get another BOS Lower, that would be confirmation to sellتم فتح الصفقة
Last trade of the day.تم إغلاق الصفقة يدويًا
So choppy, I have closed my trading for the day.ملاحظة
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.تم فتح الصفقة
I took a sell position, however, I am now watching for a 15mins BOS.تم فتح الصفقة
I think there might be a pullback for more bearish action.ملاحظة
blast I missed that move. with this expansion, we might still get liquidity taken outملاحظة
hmmm, I would be looking for a pullback hereتم فتح الصفقة
Nice! Took the entry.تم فتح الصفقة
As NY session begins, I would be expecting this sort of Price action:ملاحظة
تم فتح الصفقة
I took this entry.ملاحظة
We still need a 5min BOS.تم فتح الصفقة
Good 5mins BOS. Theتم فتح الصفقة
No more new positions for the day, would just monitor this one. See you tomorrow.ملاحظة
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:ملاحظة
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.ملاحظة
For now, all sell ideas are suspended. I would be anticipating this price action.ملاحظة
hmmm..تم فتح الصفقة
First position of the day.تم فتح الصفقة
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.تم إغلاق الصفقة يدويًا
Closed the trade at BE.ملاحظة
I would be looking for a 15mins retest, before the next bullish run.تم فتح الصفقة
I took a sell entry.ملاحظة
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.تم فتح الصفقة
This does look like the 3-drive reversal structure. I would be watching for a change of character.أغلقت الصفقة: تم الوصول للهدف
I would be watching for this price action:ملاحظة
I would be watching for this:ملاحظة
Cancel the previous setup. I think, we are ready to buy. Waiting for a retest.ملاحظة
The picture price action is painting is a sell rather than a buy!ملاحظة
i sent the wrong chart in the previous post. Price action has invalidated the sell. would continue waiting for a retest on the 15mins.تم حذف الأمر
Buys are cancelled. That's all for my post for this week. Enjoy your weekend.أغلقت الصفقة: تم الوصول للهدف
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لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.