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Gu

GBP/USD Bearish weakening, potential buys from 1.30500This week looks promising for my type of setups, with both sell and buy opportunities presenting decent prospects. I’ll be waiting for high-quality lower time frame confirmations before taking any trades. Depending on which point of interest (POI) gets hit, I’ll adjust, but ideally, I’m looking to sell from the supply zone down toward the demand zone. Once price reaches the 15-hour demand zone, I’ll shift to looking for buy opportunities, targeting the imbalances above and the untouched Asian session highs. Although the overall trend is bearish and sells look favorable, I plan to wait for a mitigation of the higher supply zones around 1.32500 before committing to any shorts. Confluences for GU Buys: - The refined 15-hour demand zone has caused a CHOCH to the upside. - There are significant imbalances and liquidity above that need to be filled. - For price to retrace to the supply zone, it must first move upward. - The US Dollar Index (DXY) is sitting in a strong supply zone, which could trigger a drop in the dollar, supporting bullish momentum for GU. Note: If the buy scenario doesn’t play out as planned, I’ll wait for a strong supply zone to sell from and continue the bearish trend. However, given that price is already in a higher time frame demand zone, I wouldn’t be surprised to see an upward push as early as Monday.
Long
by Hassan_fx
GBP/USD Longs to Shorts. Bullish pressure weakens...I expect price to push a bit higher to reach the weekly supply zone above. However, since price hasn’t fully broken structure and has instead swept liquidity at the Asian session high before dropping back down, this weakens the validity of the 7-hour demand zone I previously marked. Given the failure to break structure to the upside, I wouldn't be surprised if price starts to decline. I’ll be watching for it to reach the 6-hour demand zone around 1.32000, where I’ll look for new buy opportunities. Confluences for GU Longs: - Price has left a clean 7-hour demand zone, which could trigger a bullish reaction. - The overall higher time frame trend is bullish, making this a pro-trend idea. - There’s significant liquidity to the upside, along with an unmitigated weekly supply zone. - The US Dollar Index (DXY) remains bearish, aligning with the bullish outlook for GBP/USD. Note: If price reaches the supply zone above, I'll also be looking for a potential reversal, which could present a strong sell opportunity. With NFP (Non-Farm Payroll) this week, be on the lookout for any significant moves.
Long
by Hassan_fx
Forex Analysis: Super Clean Double Top Setups in GU, GJ, and EJIn this forex analysis video, we'll be discussing the market movements of the euro (EU), the British pound (GU), the Japanese yen (GJ), and the euro yen (EJ). EU: No narrative setup was identified due to the failure of the 15m entry to bounce twice and form a double top before the price decline. GU: A super clean setup was identified. Price bounced on the previous day's high and formed a double top entry on the 15m timeframe. GJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe. EJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
Short
by superlegit
GBP/USD Sell to buy idea from 1.32000 to 1.30400GU Analysis for This Week: My outlook on GU this week largely depends on how the market opens. If the price moves downward and breaks structure by taking out the liquidity at the swing low, I expect a retracement to the 12-hour demand zone. In this scenario, the 10-hour supply zone I marked would become more valid, although there is also a possibility that price could move there first. This would lead to an initial sell-off, to ride the price down until it fills the imbalance just above the demand zone. Once price reaches this point, it would fill a level of imbalance, potentially triggering stronger buying pressure. Confluences for GU Sells: - The price has been forming lower lows and lower highs. - There is an imbalance below that needs to be filled, along with a demand level. - A 10-hour demand zone was left untouched by the NFP news event. - There is significant liquidity below, providing clear target levels for take profit. - This analysis aligns well with the dollar index (DXY) chart. Note: If the price invalidates the current supply, my ideal scenario would be for the price to reach the 11-hour supply zone at the very top, as it offers a more premium level to sell from. Have a great trading week, everyone!
Short
by Hassan_fx
GBP/USD long possibilities from 1.31000 back upMy analysis for GBP/USD (GU) looks promising for both buy and sell opportunities. With the recent shift in market character to the downside and a break of structure, we may see the price entering a downtrend. However, there are key zones lined up that could support either scenario. Currently, the price is approaching a significant demand level at a psychological point, which may influence the market direction. I'm planning to watch for a slowdown and accumulation in my zone around mid-week, aiming to buy from the 18-hour demand zone. Once the price enters this zone, I'll monitor the lower time frame for a character change to the upside for a precise entry. Confluences for GU buy opportunities include: - The higher time frame has been bullish, with a break of structure to the upside. - A clear 18-hour demand zone has been established, which also caused a break of structure to the upside. - There's substantial liquidity to the upside, including untouched Asian session highs. - This aligns with the higher time frame trend, making it a pro-trend trade setup. P.S. If the price retraces upwards, there is a 5-hour supply zone that previously broke structure to the downside, which could provide a good opportunity to continue the short-term bearish trend.
Long
by Hassan_fx