GBP/USD (6-7/6-11) Week Analysis
Macro -
Weekly: Structure is Bullish; Flow = Bullish, slight pause in momentum.
Price just wicked above the weekly high. This may be a sign of a deep retracement, or SOS to make a strong move up wards into the Monthly HIGH.
Intraweek-
Daily: Structure/Flow = Consolidated, previously bullish.
Price (LG) sellers in a 2 Week Consolidation range. This may have created enough orders to push up, unless price want to (LG) the buyers, to create a deeper retracement to the downside.
Intraday-
H4: Structure/Flow = Consolidating, looking bearish
price broke H4 HL to the DOWNSIDE (slight grab of liquidity), creating a LH & LL. We have not confirmed bearish movement yet.
Will be looking for price to retrace into my Daily Demand Zones, or build a more of a story as time passes.
Mainly looking for buys! but not yet. Want to wait for price to enter my PREFERRED areas.
Weekly: Structure is Bullish; Flow = Bullish, slight pause in momentum.
Price just wicked above the weekly high. This may be a sign of a deep retracement, or SOS to make a strong move up wards into the Monthly HIGH.
Intraweek-
Daily: Structure/Flow = Consolidated, previously bullish.
Price (LG) sellers in a 2 Week Consolidation range. This may have created enough orders to push up, unless price want to (LG) the buyers, to create a deeper retracement to the downside.
Intraday-
H4: Structure/Flow = Consolidating, looking bearish
price broke H4 HL to the DOWNSIDE (slight grab of liquidity), creating a LH & LL. We have not confirmed bearish movement yet.
Will be looking for price to retrace into my Daily Demand Zones, or build a more of a story as time passes.
Mainly looking for buys! but not yet. Want to wait for price to enter my PREFERRED areas.
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.