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.
עסקה פעילה
1h is still very much bullish. I am buying for nowעסקה פעילה
:)עסקה פעילה
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After this, I would wait to see if there is a 15min BOS lower.העסקה בוטלה באופן ידני
Price closed me out at BEעסקה פעילה
I entered a sell positionעסקה פעילה
A bit of consolidation there. Would move SL to BE soon. הערה
My outlook for this morningהערה
Ha, seems I overlooked the trend. I would be looking for a 5mins break of structure for entry.עסקה פעילה
I took an entry, but I am still waiting of the 5min BOSעסקה פעילה
It's possible price might take out liquidity before the next bullish move.עסקה פעילה
Price did not pan out like anticipated. I am currently sell to the break of lowעסקה סגורה: היעד הושג
Yea...this is starting to look like a reversal. Would be looking for buying opportunities in NY session.הערה
wow, no buy opportunity.עסקה פעילה
I bought.הפקודה בוטלה
Price hit BEהערה
I can see a 5mins structure. If we can get another BOS Lower, that would be confirmation to sellעסקה פעילה
Last trade of the day.העסקה בוטלה באופן ידני
So choppy, I have closed my trading for the day.הערה
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.עסקה פעילה
I took a sell position, however, I am now watching for a 15mins BOS.עסקה פעילה
I think there might be a pullback for more bearish action.הערה
blast I missed that move. with this expansion, we might still get liquidity taken outהערה
hmmm, I would be looking for a pullback hereעסקה פעילה
Nice! Took the entry.עסקה פעילה
As NY session begins, I would be expecting this sort of Price action:הערה
עסקה פעילה
I took this entry.הערה
We still need a 5min BOS.עסקה פעילה
Good 5mins BOS. Theעסקה פעילה
No more new positions for the day, would just monitor this one. See you tomorrow.הערה
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:הערה
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.הערה
For now, all sell ideas are suspended. I would be anticipating this price action.הערה
hmmm..עסקה פעילה
First position of the day.עסקה פעילה
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.העסקה בוטלה באופן ידני
Closed the trade at BE.הערה
I would be looking for a 15mins retest, before the next bullish run.עסקה פעילה
I took a sell entry.הערה
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.עסקה פעילה
This does look like the 3-drive reversal structure. I would be watching for a change of character.עסקה סגורה: היעד הושג
I would be watching for this price action:הערה
I would be watching for this:הערה
Cancel the previous setup. I think, we are ready to buy. Waiting for a retest.הערה
The picture price action is painting is a sell rather than a buy!הערה
i sent the wrong chart in the previous post. Price action has invalidated the sell. would continue waiting for a retest on the 15mins.הפקודה בוטלה
Buys are cancelled. That's all for my post for this week. Enjoy your weekend.עסקה סגורה: היעד הושג
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