I’m planning a short trade on GBP/USD based on the following analysis:
Monday, This week opened with a gap on monday
Wednesday probably created a significant high of the week.
Thursday BOE Rate Cuts Impact: The pound weakened on following the rate cuts.
Friday today London Session: Price is currently moving higher, looking to fill imbalances and target liquidity around 1.2455 and 1.2494.
Key Zones: Monitoring the FVG zones for price reactions and potential rejection around the marked imbalances.
Entry Strategy: Considering short positions around these levels with a tight stop-loss to manage risk.
Additional Insights: Watching for any significant breaks in market structure, especially with the upcoming NFP report and might look to target Monday low around @1.2250
Conclusion:
It's all a probability game so don't forget to manage risk. Jobs report are key.
Based on the current market conditions and upcoming NFP report, I’m looking for potential shorting opportunities on GBP/USD around the identified liquidity zones and imbalances.
Monday, This week opened with a gap on monday
Wednesday probably created a significant high of the week.
Thursday BOE Rate Cuts Impact: The pound weakened on following the rate cuts.
Friday today London Session: Price is currently moving higher, looking to fill imbalances and target liquidity around 1.2455 and 1.2494.
Key Zones: Monitoring the FVG zones for price reactions and potential rejection around the marked imbalances.
Entry Strategy: Considering short positions around these levels with a tight stop-loss to manage risk.
Additional Insights: Watching for any significant breaks in market structure, especially with the upcoming NFP report and might look to target Monday low around @1.2250
Conclusion:
It's all a probability game so don't forget to manage risk. Jobs report are key.
Based on the current market conditions and upcoming NFP report, I’m looking for potential shorting opportunities on GBP/USD around the identified liquidity zones and imbalances.
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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.