EURUSD - Imbalance to FillThe huge bullish run has left gaps that need filling, the price will move where money resides and lots of liquidity is trapped within this bullish move.
I would like to see an initial tease at the market open to lure buyers into the market before absolutely collapsing to the downside.
Imbalances
Weekly outlook for GBPUSDLooking for two scenarios to play out here on GBPUSD this week. I do like the supply area marked by the risk entry. The only reason I see this failing is all the liquidity above it. I would need to see a confirmation at this zone for LTF sells. If price blows through this zone I see it filling the imbalances above and mitigating buy-to-sell orders. I Will look for shorts in the highlighted low-risk entry zone.
Can easily take buys up to targets as well. Will update as things get moving.
Xau/UsdGold has created some imbalances in the market that needs to be filled. Overtime it has also created a trend line which the market has respected allowed retail traders to be setting up for a short. The market will push to the upside to fill those imbalances while hitting retail traders stop-loss and creating more liquidity as well as more imbalances before it start to sell again.
Potential XAUUSD Trade IdeaLooking at Gold on the monthly chart, I found an imbalance that has not been filled yet. When I dropped down to the weekly, a bearish order block was also found. I think that gold will go up and retest the OB before returning to fill the imbalance then going back up to fill more orders at the OB.