GBPUSD Bearish Setup
Price formed a double bottom at demand on the H4, and has since seen a bullish momentum, breaking key highs to form a double top for the next bearish momentum.
Price is still bearish on the higher timeframes. Using Elliot, we can approximate what stage of the correction that is unfolding.
I would be watching for price to begin the bearish momentum at current price or from the 1.21 zone. Target is at the 161.8% expansion at 1.57
Price is still bearish on the higher timeframes. Using Elliot, we can approximate what stage of the correction that is unfolding.
I would be watching for price to begin the bearish momentum at current price or from the 1.21 zone. Target is at the 161.8% expansion at 1.57
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From the last setup on the previous sell idea...Note
I took some trades yesterday evening and early this morning (Asian session). I am expecting a small bullish correction before the sell.Note
finally price has come into entry zone. As long as price doesnt break the HL, I would buy the break out to sell entry.Note
Price broke the low. I would be selling. Alternatively, if price forms support at demand, that just means we would break the high.Transaction en cours
nice! Transaction en cours
We might get another entry.Transaction en cours
I am watching this 2nd entry carefully.Transaction en cours
🤩Trade fermée: cible de profit atteinte
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hmmm, just a quick oneTransaction en cours
Transaction en cours
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Price hit my BE.Note
Transaction en cours
live.Note
Previous trade was a loss. When price took out the previous high, I thought we might see a bullish momentum. However, this previous Asian session reaction to supply showed price was still bearish. I had to redo the analysis. I would be expecting something like this for LDN session.Note
Yes!Transaction en cours
I am expecting a pullback.Transaction en cours
I am expecting another pullback.Trade fermée manuellement
i closed my sell.Note
I would be looking for buying opportunities for a correction:Transaction en cours
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setup amendedNote
It's sad Price did not give the buy opportunity to sell zone. I would be watching for 15mins BOS to sell. 1st target is the break of the low, then I am expecting a pullback before the last sell of the week.Transaction en cours
Transaction en cours
I would be looking for a buy setup next.Note
The key would be a 15min break of structure.Note
If Price breaks the recent low, i would be looking for retest to sell.Note
I would be looking for a retest for entry.Transaction en cours
nice.Transaction en cours
🤩Transaction en cours
I took partials at the top...would be watching for additional opportunities for entry.Note
I would like to see a 1h retest of demand zone, and probably liquidity grab for confirmation of an entry.Transaction en cours
Transaction en cours
nice! Transaction en cours
GBPUSD; I am being very watchful with this one since its COB LDN session. 
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.