This week looks promising for my type of setups, with both sell and buy opportunities presenting decent prospects. I’ll be waiting for high-quality lower time frame confirmations before taking any trades. Depending on which point of interest (POI) gets hit, I’ll adjust, but ideally, I’m looking to sell from the supply zone down toward the demand zone. Once price...
This week's analysis for GBP/USD (GU) focuses on a potential retracement back to the 6-hour demand zone I've identified. Currently, the price is at one of my points of interest (POI) from last week, and we're already seeing signs of rejection. This suggests that the price may start moving downward from its current level. We’ll wait for mitigation at the demand...
- Previous liquidation of previous lows taken out - Overall structure is bearish - No sign of break of major previous highs - No willingness to go higher - FVG/In-balance on the way upwards---taking out minor liquidity to then fall/die. ETC, ETC.
We are Bullish on Daily TF, even though we are bearish on 15 min TF, I believe it is just a retracement on the larger TF. Will continue to monitor PA to see a more clear BOS.