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.
Dagangan aktif
1h is still very much bullish. I am buying for nowDagangan aktif
:)Dagangan aktif
Dagangan aktif
After this, I would wait to see if there is a 15min BOS lower.Dagangan ditutup secara manual
Price closed me out at BEDagangan aktif
I entered a sell positionDagangan aktif
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.Dagangan aktif
I took an entry, but I am still waiting of the 5min BOSDagangan aktif
It's possible price might take out liquidity before the next bullish move.Dagangan aktif
Price did not pan out like anticipated. I am currently sell to the break of lowDagangan ditutup: sasaran tercapai
Yea...this is starting to look like a reversal. Would be looking for buying opportunities in NY session.Nota
wow, no buy opportunity.Dagangan aktif
I bought.Pesanan dibatalkan
Price hit BENota
I can see a 5mins structure. If we can get another BOS Lower, that would be confirmation to sellDagangan aktif
Last trade of the day.Dagangan ditutup secara manual
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.Dagangan aktif
I took a sell position, however, I am now watching for a 15mins BOS.Dagangan aktif
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 hereDagangan aktif
Nice! Took the entry.Dagangan aktif
As NY session begins, I would be expecting this sort of Price action:Nota
Dagangan aktif
I took this entry.Nota
We still need a 5min BOS.Dagangan aktif
Good 5mins BOS. TheDagangan aktif
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..Dagangan aktif
First position of the day.Dagangan aktif
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.Dagangan ditutup secara manual
Closed the trade at BE.Nota
I would be looking for a 15mins retest, before the next bullish run.Dagangan aktif
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.Dagangan aktif
This does look like the 3-drive reversal structure. I would be watching for a change of character.Dagangan ditutup: sasaran tercapai
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.Pesanan dibatalkan
Buys are cancelled. That's all for my post for this week. Enjoy your weekend.Dagangan ditutup: sasaran tercapai
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.