GBPUSD Expectation From 13th-17th Jan, 2025.

13 Oca

The purple zones are the Daily Market structure and where the price is supposed to drop. Expecting a bearish continuation based on the 4H Market Structure. Pricing is currently bouncing at 1.22000, and I anticipate a drop to 1.21000. Before this major move happens, I am looking for price to pull back or consolidate a bit.

14 Oca

İşlem aktif

Price approached near KQP 1.21000 as expected. The trend is still bearish, and sells are the only thing to look for. Wait for the retest at the BOS zone or as far as the last LH zone for the right entry on the lower timeframe. Take profit can be placed at the new LL zone at the lowest KQP. Please remember always to use proper risk management in each trade.

16 Oca

İşlem kapandı: durdurma seviyesi

Got stopped out of the trade during a liquidity grab. However, price moved exactly as analyzed and did not break the Market Structure. The trend is still bearish and we should still only be looking for sells for the rest of the week. If the market changes character and breaks structure at the lower high, then it is a sign of change in the trend. Good Luck Traders!