GBPUSD Buy Setup ~300pips
GBPUSD broke structure on the daily, however, we have had no retracement since the bearish impulse began. I started identifying this expanding diagonal since Monday, and price has been consistent with the expansion.
Mid-week trading on Wednesday usually sees a reversal of momentum for the rest of the week. Instead, I can see Price has completed the reversal pattern.
For as long as this setup holds, my current expectations for the rest of the week is GBPUSD bullish. I would be targeting 1.23630 for about 300pips.
As always trade cautiously.
Mid-week trading on Wednesday usually sees a reversal of momentum for the rest of the week. Instead, I can see Price has completed the reversal pattern.
For as long as this setup holds, my current expectations for the rest of the week is GBPUSD bullish. I would be targeting 1.23630 for about 300pips.
As always trade cautiously.
Trade active
Trade active
Current positionsTrade active
Current positions: I am anticipating a pullback into LDN Session. The 50% discount is at a major daily support, so that zone is more attractive.Trade active
We formed supply, therefore it is not unexpected, Price action might take out the liquidity of the asian low, before climbing further.Trade active
Trade active
Very good! we broke the asian high. Means the asian low should hold. I would be expecting a retest at POI.Trade active
The retest is almost over. I would be buying immediately.Trade active
I took profit at the 78.6, however, my entry is still at the POI.Trade active
The key to a good buy position is the 15mins BOS.Trade active
i also have an entry at BOS on 5minsTrade closed manually
Price has broken the 1h low, currently, the buy setup is invalid. I would be looking for sell setups now.Note
Price did not confirm supply. I would keep watching. If a buy setup presents itself, I would take it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.