Happy Trading Bruvs.
Here's my analysis and bias for GBPUSD. Simple and clean and based off structure and price action. I'll be hunting for buys since the higher timeframes are bullish. We have a clean break of structure (BOS) of a swing high. We're already seeing a strong rally up for sunday. I'd really like to see monday or tuesday create the low of the week. Our OTE fib entry was hit last week but I wouldn't mind seeing the gap filled and a double bottom created. If price action leads us down that path, it only gives me, personally, stronger possibilities to buy. I will be targeting relative equal highs. They are too clean and retail trading will likely sell at that "resistance" I'll be looking for the market to kill that level and purge that liquidity. We must buy to sell. I believe banks and institutions will drive price up to the bearish order block i have marked up before seeing a strong retracement.
Here's my analysis and bias for GBPUSD. Simple and clean and based off structure and price action. I'll be hunting for buys since the higher timeframes are bullish. We have a clean break of structure (BOS) of a swing high. We're already seeing a strong rally up for sunday. I'd really like to see monday or tuesday create the low of the week. Our OTE fib entry was hit last week but I wouldn't mind seeing the gap filled and a double bottom created. If price action leads us down that path, it only gives me, personally, stronger possibilities to buy. I will be targeting relative equal highs. They are too clean and retail trading will likely sell at that "resistance" I'll be looking for the market to kill that level and purge that liquidity. We must buy to sell. I believe banks and institutions will drive price up to the bearish order block i have marked up before seeing a strong retracement.