GBPUSD Bullish Setup Jan. Week 2, 2023
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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.
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1h is still very much bullish. I am buying for nowZlecenie aktywne
:)Zlecenie aktywne
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After this, I would wait to see if there is a 15min BOS lower.Zlecenie zamknięto ręcznie
Price closed me out at BEZlecenie aktywne
I entered a sell positionZlecenie aktywne
A bit of consolidation there. Would move SL to BE soon. Uwaga
My outlook for this morningUwaga
Ha, seems I overlooked the trend. I would be looking for a 5mins break of structure for entry.Zlecenie aktywne
I took an entry, but I am still waiting of the 5min BOSZlecenie aktywne
It's possible price might take out liquidity before the next bullish move.Zlecenie aktywne
Price did not pan out like anticipated. I am currently sell to the break of lowTransakcja zamknięta: osiągnięto wyznaczony cel
Yea...this is starting to look like a reversal. Would be looking for buying opportunities in NY session.Uwaga
wow, no buy opportunity.Zlecenie aktywne
I bought.Anulowano zlecenie
Price hit BEUwaga
I can see a 5mins structure. If we can get another BOS Lower, that would be confirmation to sellZlecenie aktywne
Last trade of the day.Zlecenie zamknięto ręcznie
So choppy, I have closed my trading for the day.Uwaga
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.Zlecenie aktywne
I took a sell position, however, I am now watching for a 15mins BOS.Zlecenie aktywne
I think there might be a pullback for more bearish action.Uwaga
blast I missed that move. with this expansion, we might still get liquidity taken outUwaga
hmmm, I would be looking for a pullback hereZlecenie aktywne
Nice! Took the entry.Zlecenie aktywne
As NY session begins, I would be expecting this sort of Price action:Uwaga
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I took this entry.Uwaga
We still need a 5min BOS.Zlecenie aktywne
Good 5mins BOS. TheZlecenie aktywne
No more new positions for the day, would just monitor this one. See you tomorrow.Uwaga
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:Uwaga
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.Uwaga
For now, all sell ideas are suspended. I would be anticipating this price action.Uwaga
hmmm..Zlecenie aktywne
First position of the day.Zlecenie aktywne
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.Zlecenie zamknięto ręcznie
Closed the trade at BE.Uwaga
I would be looking for a 15mins retest, before the next bullish run.Zlecenie aktywne
I took a sell entry.Uwaga
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.Zlecenie aktywne
This does look like the 3-drive reversal structure. I would be watching for a change of character.Transakcja zamknięta: osiągnięto wyznaczony cel
I would be watching for this price action:Uwaga
I would be watching for this:Uwaga
Cancel the previous setup. I think, we are ready to buy. Waiting for a retest.Uwaga
The picture price action is painting is a sell rather than a buy!Uwaga
i sent the wrong chart in the previous post. Price action has invalidated the sell. would continue waiting for a retest on the 15mins.Anulowano zlecenie
Buys are cancelled. That's all for my post for this week. Enjoy your weekend.Transakcja zamknięta: osiągnięto wyznaczony cel
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