Good day traders, we back with GBPAUD but before I go into it. Last week I took loss because I was buying GBPAUD but I lately found out I was way too early and my narrative has not changed at all.
1D- Daily TF we have a bearish structure and we know that once price shifts structure we want price to retest Atleast till the 0.705 of the OTE fib level to later continue to the Sellside liquidity.
4H- On this respective TF we are also in a bearish structure but I believe not for long because on the lower TF the shift higher has materialised, giving confirmation that we can start positioning ourselves for the up movement.
1H- ICT has a entry model(F.PFVG), on the hourly we saw prices giving back all of yesterday’s gains till it reach that level of first presented FVG and that’s what we gonna use as the level of interest.
1D- Daily TF we have a bearish structure and we know that once price shifts structure we want price to retest Atleast till the 0.705 of the OTE fib level to later continue to the Sellside liquidity.
4H- On this respective TF we are also in a bearish structure but I believe not for long because on the lower TF the shift higher has materialised, giving confirmation that we can start positioning ourselves for the up movement.
1H- ICT has a entry model(F.PFVG), on the hourly we saw prices giving back all of yesterday’s gains till it reach that level of first presented FVG and that’s what we gonna use as the level of interest.
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Related publications
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.