GBPUSD - TRADE SET UP - BULLISH OUTLOOK

31 sie 2023

Traders, i don't believe this pair came so high just to sell off at the recent SUPPLY area. There is BULLISH price action from yesterday and i'm monitoring price for a possible pullback to the 50% Fib. level(1.2695) or the 61% Fib. level(1.2680) to take a BUY position. The 78% Fib. level is at 1.2665(the last defense for the bulls!). There is a short-term SELL if price retreats to those Fib. levels(below 1.2705). As always, wait for CONFIRMATIONS when price breaks highs or lows(re-tests/candlestick patterns). Resistance is at 1.2800.
Remember, price action is king.
DIONNG

31 sie 2023

Uwaga

For the ELLIOT WAVE traders.
Is this valid?

31 sie 2023

Uwaga

Traders, 07:30 candle BULLISH coming into London open. In 20 minutes we will know the direction. If this candles wicks(rejection) we may ride this thing to the lower BUY targets. Otherwise, we are going to the highs. Watch price action.

31 sie 2023

Zlecenie aktywne

Traders, Entered a SELL at 1.27115 with a 6.5 pip stop and targeting 1.2680(4.7:1)
Rejection came, i activated SELL trade(this is a quick scalp only)

31 sie 2023

Uwaga

Break - even. No pullback today. Just a LIQUIDITY SWEEP and then it took off. The BULLS are in control!! The LONDON SHARKS almost got me! Be water, be fluid:)
Pullback please so we can BuY.

31 sie 2023

Zlecenie aktywne

Waited for the pullback and got in at the 61%(discount).
11 pip stop loss. Small risk for a target of 4:1 or more.
Taking small stabs is okay. If it does not work out wait for another set up. I must admit this is not my favorite set up. I like to buy from the low demand areas. That's where I've been successful.

31 sie 2023

Transakcja zakończona: osiągnięto poziom stop

Faked out - Lost 5 pips.
Price made a lower low(London open) and retraced back to supply area(lower high) - my bad.
Initial assessment in play.

31 sie 2023

Uwaga

SELL TRADE ANALYSIS - HOW TO AVOID CLOSING WINNING TRADES EARLY

31 sie 2023

Uwaga

Traders, ELLIOT WAVE FOURTH LEG COMPLETE AT 78% FIB. LEVEL
TIME: 12:30(07:30NY)
Time for action

31 sie 2023

Uwaga

12:50(07:50NY) - traders, if price confirms a change in structure to upside I'm taking BUYS

31 sie 2023

Uwaga

Traders, yesterday Market Makers set the "trap" by creating the ideal candle stick structure that would suggest price will shoot higher. The "real" target for these institutional buyers lay just below 10-12 pips away. After three hours of "positioning" at 15:30 there was a LIQUIDITY SWEEP but price only managed to go 20 pips higher. If you caught the BUY at the lowest level(1.2652/1.2655), well done. Stops below the low. Low risk trade. Good luck.
DIONNG

1 wrz 2023

Zlecenie aktywne

Traders, if the analysis is correct GU will be going up. Let's see what the Londoners have planned. Any substantial break of the lows(1.2650) by 20 pips or more would suggest we are heading to the next demand level. Watch price action

1 wrz 2023

Uwaga

Traders, caution. Red Folder news coming at 13:30 and 15:00