GBPUSD OUTLOOK.
Market Structure Break Down.
1) Weekly- In this timeframe, the main structure is Bearish. Creating LH & LL. The price pulls back before long-term continuation unless it breaks the structure at 1.28000. The current candle is unidentifiable.
2) Daily- Market Structure is bullish creating HH & HL. Therefore, only buy setups we oat to look for on the lower-timeframe.
3)4H- Market structure is showing a clear bullish trend. However, the price has been consolidating since the market opened for the week. Before the Bullish continuation, expect liquidity grabs at 1.25000.
I am waiting for the price to break the 4H range and then wait for an entry confirmation.
Feel free to comment your thoughts on this breakdown.
1) Weekly- In this timeframe, the main structure is Bearish. Creating LH & LL. The price pulls back before long-term continuation unless it breaks the structure at 1.28000. The current candle is unidentifiable.
2) Daily- Market Structure is bullish creating HH & HL. Therefore, only buy setups we oat to look for on the lower-timeframe.
3)4H- Market structure is showing a clear bullish trend. However, the price has been consolidating since the market opened for the week. Before the Bullish continuation, expect liquidity grabs at 1.25000.
I am waiting for the price to break the 4H range and then wait for an entry confirmation.
Feel free to comment your thoughts on this breakdown.
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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.
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.