BEARISH ON GBPUSD
-Price has showed willingness to move away from the HTF PDA around 1.24500. There is a HTF PDA around 1.16000 currently acting as a magnet, pulling price down.
-The P3W cycle didn't offer much movement, but did leave a pool of buyside liquidity below 1.21474. I'm expecting price to seek out this area before reversing from the LTF PDA @1.22895.
-NFP left a 4H FVG, which i am expecting price to use as "support" to get to 1.22895 or for it to act as a magnet pulling price from the LTF PDA @1.22895.
First week back live! Like, Comment, Follow! I have big expectations this year! Wish me luck!
-Price has showed willingness to move away from the HTF PDA around 1.24500. There is a HTF PDA around 1.16000 currently acting as a magnet, pulling price down.
-The P3W cycle didn't offer much movement, but did leave a pool of buyside liquidity below 1.21474. I'm expecting price to seek out this area before reversing from the LTF PDA @1.22895.
-NFP left a 4H FVG, which i am expecting price to use as "support" to get to 1.22895 or for it to act as a magnet pulling price from the LTF PDA @1.22895.
First week back live! Like, Comment, Follow! I have big expectations this year! Wish me luck!
Note
1/9/2023
Tapped into the LP @ 1.21474. Expecting bearish PA today
Note
1/10/2023
Was long, missed first entry, closed reentry at -6 pips(low volume, close to session close) expecting the bulk of today's volume to come in during 0900am news
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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.