EUR/GBP - Weekly Outlook (Strong AMD Model)After breaking this Chart down I have found a setup I am very happy with. I shall break this down to help you understand my process.
4H Chart Only...
Firstly we start off with a strong Buy side Liquidity sweep. This tells me that price wants to target its next lot of Liquidity which is further down towards the labels Demand zone.
We noticed a CHoCH which would have been a nice trade if you could have captured that move BUT.. you still have time! In my eyes I see a valid AMD Entry Model with Accumulation with some price evaluations followed buy a Manipulation then on the LTF changing character once again giving me a strong confluence that price will push down harder to give us the valid distribution. We haven't see any form of tap of supply zones so I would like to see price pull up and wick into some sort of LTF Supply as we want this Distribution to continue running.
Once we break this Liquidity Trend Line it will be a very high Probability Trade Setup so you could look for sells after taking that Breakout too
Good Luck to the Traders that decide to follow.
