PLaceUrBetsPlease

PLaceUrBetsPlease

Last week was a big week for GBP with interest rate freezing at 4.75%, although 3 members voted to reduce the rate instead of the forecast 1, core inflation has slowed up but still remains too high for now. The labour market proved to be balanced. UK's major issue still lingering is the governments autumn budget which has a lot of data to collect before we see the...

PLaceUrBetsPlease

Sold off last week after the FOMC announcements, Price took the buyside liquidity generated during the months early consolidation period and found support at 2584. This now forms the major low of the month but continued the upward macro trend as it was a HL than that formed in November. Beautiful bounce from the sell off as price made up majority of the move...

PLaceUrBetsPlease Updated 

Macro trendline is bullish. Alert placed around 1.99 for a short to 1.97 (200pips). Id like to see a internal liquidity sweep inside the 4H FVG and well inside the premium zone. Target would be 50% fib level and weekly support at 1.97. A break of this zone could see a deeper move to grab Liquidity at 1.95. News this week will determine the size of the move.. GBP...

PLaceUrBetsPlease Updated 

Last week we saw a weekly rejection from 2721 and a very acute buyside grab started by Asia, which then formed the double top and the pivot for the M pattern. It wasn't as sharp a decline this time probably due to the time of year and the lead up to Christmas. Volume was certainly down last week and spreads had increased somewhat. We weren't able to test the...