Willing to short to the H4 FVG below, about 121 pips to the downside, then will consider buying up until price reaches a 2 week resistance zone/OB. I'd like to see if price will re-test 1.05929 to then sell to fill in the gap near 1.04817 - 1.04765. Another option is not participating in the counter-trend and wait to enter once and if price reaches the deep...
Here's a possible last entry to short for about 44pips before a reversal upwards.
Even with this bit of news coming out at 9am, I'm thinking the 79% - 88% retracement on GBPUSD will be respected. Possible swing entry to hold to a weekly level.
If you missed getting in short, here's a 2nd opportunity for a longer run. Speculating price will reject 0.86890 to take out SSL below at 0.86115 (2 Daily OB mitigation). Then this would be a great entry for long (swing trade). If willing to participate on this short idea, suggestion is to do so at a reduced risk (lower lot size) on the shorting (0.86890) to the...
As price mitigated a 2 week OB below and is showing possible signs of buying interest, I'd consider entering after it comes back to this H1/m15 OB. My analysis shows that I could hold until 1.9500 (minimum) to 1.9600 (max).
As price took out not only BSL and mitigated an H4 OB, I do speculate price to sell and find support at the D-OB below / 79% retracement fib level (157.200). There's some news event for JPY coming out Sunday at 7:50 EST to which I wonder if this will drive price down to support at 157.200
As price cleared sell side liquidity (SSL), it can be fuel to go long to the next draw on liquidity (DOL) at the Daily OB 1.08500. The m15 shows the smaller price action of what could happen early to mid next week.
On the daily view you can see EURUSD has been trending up. On the last impulse up, price retested an area that was both at a 79% and at an H4 point of interest/H4 zone. If you refine it to the m15, there can be a potential to get in long as the m15 POI is also nested above a monthly zone. Quite a few confluences to enter long at a re-test.
FOREXCOM:AUDNZD Price has reached both a refined MTF (H1 and m15) embedded within a HTF (daily). Demand in this area seems to still be in control. Once price breaks above, I'll be looking to see if the market will prove its indeed ready to trend upwards towards the weak high.