My Idea on GBP/USD
Bias
Weekly - Bearish
Daily - Bullish
Idea
Because of the Simple Rule HTF is King (In my Scenario Weekly > Daily). We are currently in the weekly 70% Zone. So I assume a continuation in the weekly trend -> Weekly LL.
Daily is still bullish so right now we should be careful. If Market gives us a Sign on H4/H1 (which is difficult rn because EUR flew crazy), I would short to potentially take out the daily low which would follow the weekly trend. If Market decides to go higher, i would look at the same short scenario as here.
Potential Longs are also possible because as you see daily internal aligned with daily again.
So all in all I am careful right now because 1. Market is crazy right now 2. Weekly vs daily 3. NPF Tomorrow (maybe we know more tomorrow)
Weekly - Bearish
Daily - Bullish
Idea
Because of the Simple Rule HTF is King (In my Scenario Weekly > Daily). We are currently in the weekly 70% Zone. So I assume a continuation in the weekly trend -> Weekly LL.
Daily is still bullish so right now we should be careful. If Market gives us a Sign on H4/H1 (which is difficult rn because EUR flew crazy), I would short to potentially take out the daily low which would follow the weekly trend. If Market decides to go higher, i would look at the same short scenario as here.
Potential Longs are also possible because as you see daily internal aligned with daily again.
So all in all I am careful right now because 1. Market is crazy right now 2. Weekly vs daily 3. NPF Tomorrow (maybe we know more tomorrow)
Note
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.
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.