We were sells all day but seems like we reached a bottom. Small lots from here for buys and time to close previous EU and GU sells
GbpUsd has also reached the hourly level, fell down to distribution area, broke it down too and made a restest. Good area for sells, together with the EU that I mentioned in the morning before.
Same as the previous AUDUSD idea, price made its way down from the 15m level, sessions are forming structures that was broken and we are waiting for the retest to enter.
Price is running around a nice 15m level, with the opening of London session, session structure has been broken together with our level. We will be waiting for a pullback for better entry. Sell limit placed at 0.65160
Price reached out to a common 1H level, made an exact pinpint jump, maybe its an early entry but it deserves a try.
Price has moved over the strong 1 H area and made its way back . Resistance has been broken and retested which converts it to a support. The structure on 15m timeframe has also been broken and Sell order has been triggered
Price break below the hourly zone and restested it and played at the same zone for a while. Got another big break and now the price is at the retest point which gives confidence for a short trade.
Price makes a breakout on 1H levels and returns back into the level. Topline of the level is still waiting to be touched, where many session tops are formed, then breakout to downside and makes a retest on 1H level-low.
Price made lower lows and reached the main 1H level. After testing 1H levels sometime, the breakout has happened. Open of London was weak and created a structure on the hourly level. Treade is activated on the breakout of this level.
As EURGBP is following its downtrend, price retraced from the stronm 1H level and slided into 15m channel. The structure (marked with yellow box) has been broken and restested as usual. Next bearish candles gives confidence on shorting the pair back to the 15m channel bottom as first target and 1h strong support as final target.