Daily has filled our institutional resistance OB and we are trading inside of it. Fridays close was very strong potentially we could trade down into our fresh OB to create or weekly downside wick. So overall bullish on the day and week. London session consensus Bullish delivery of price. on our H1, looking for potential liquidity to be taken in discount at our...
GBPUSD- Bearish close yesterday below the lows setting up to possibly finish bearish for the week. Currently need the H4 to create our second structural leg to the downside.
Potential for something like this to happen, need the second structural leg to form, hopefully for the high end of the daily range and then see us fall shot to close somewhat doji.
WE are ultimately Bullish on the daily and weekly however intraday and intra week we are possibly seeing a potential shift in momentum. previous daily close was bullish off equal highs. potential to see a long liquidity trad come in on London open.
Potential in range expansion to form the second structural leg an fulfil a weekly bullish range.
looking for price to flip on the daily to potentially continue with bullish HTF structure, possible weekly downside has been completed.
Possibility to see a long within this HTF range? or will we see the dollar send us short?
Previous daily candle has taken liquidity, potential for our daily candle to flip bullish providing that second daily rejection before creating the next structural leg on the daily TF.
Bbeak back into 4hr range above support, possible room for the 2nd structural leg to form in order for us to see yesterdays highs or higher equal highs.
Over all bullish pressure on the HTF's, intra week we could potentially see a short bearish run to pick up some liquidity before ultimately going long. potential to run into 162 to create our weekly candles bottom wick. On the day we currently neutral. Potential ranges as follows Long outlook into 163.750 or beyond Short outlook into 162
Favourable HTF candle formation, looking at POSSIBLE longs above 162 into previous session highs.
Short from 4hr critical in line with overall momentum after the liquidity grab.