Weekly- bearish
Daily- market transitioned from bullish to bearish. Market has also retraced back to equilibrium(50%). Market has returned to supply zone. Daily resistance is being respected.
H4- Daily trend line broken. Major support broken.
bias: Bear
Price is showing a lot of confluence for sale
Currently, price is respecting daily supply zone. Overall trend is still bearish.
Daily- bearish
Price retraced to daily supply zone. Candle closed in Doji formation.
H4- consolidating
Price is respecting Daily supply zone
bias: Bear
wait for price to break out of H4 Consolidation before hunting sells
Price continues its path long on Tuesday. H4 timeframe continues to show strong buyer presence. Anticipate price to retrace to H1 supply zone before continuing long to daily supply zone/
Daily- bullish
Price broke descending triangle bullish. Price retraced below equilibrium(discount)
H4- consolidation
Price retraced to h4 order block and is in consolidation.
Bias- bull
Wait for price to exit consolidation to start looking for buy opportunities near order block!
GBPUSD is still in a consolidation Range on the Daily chart. Price has tested and respected daily demand zone. Price has also reversed on H4 time frame in long direction. Currently, price has retraced at equilibrium. Anticipate price to give bull entry signal from this retracement level or 61.8% tommorw during London/New York session.
Price beginning to go long toward weekly supply zone. Price is currently accumulating. I predict price to retrace back to H4 demand zone (23.6 retracement before continuing long towards weekly supply zone
*be mindful*
Tuesday is heavy news!
GBPUSD has been stuck in H4 consolidation. Price has recently created a descending triangle pattern. My presumption for next week is for price retrace back up to a Daily key level (which is also a 32.8 retracement) or price to respect H4 supply zone before continuing downtrend.
*BE MINDFUL*
A lot of News will be released on Tuesday that will affect pair
