My bias has been for sells until we reach our long awaited retracement zones at 93400. However with at Shift of momentum to the upside on structure, I'm now wondering if we can clear the liquidty levels at 2.0300 above before mitigating out at a premium price to the drop to the 93400 prices. We could also see 2.01000 be met to push lower keeping with the down...
With the Brexit deal being put into doubt and the big bullish movement we've seen in the last week, i'm looking for GBP based pairs to fall big time for atleast a retracement before heading back to the upside. With analysis and liqidity to clear and imbalances to fill however, this move may just play out in the long term creating all time lows for GBP based...
With the Brexit deal being put into doubt and the big bullish movement we've seen in the last week, i'm looking for GBP based pairs to fall big time for atleast a retracement before heading back to the upside. With analysis and liqidity to clear and imbalances to fill however, this move may just play out in the long term creating all time lows for GBP based...
Update on entry for a potential move up. For now I'm holding my sells until 1447 or 1430
Still following it waiting to reach 1527 we've been waiting for over 3 weeks now.... Looking for a bullish move in the mean time until we clear liqidity above. PATIENCE - CONFIRMATION - ENTRY - PROFIT
We've had the accumulation Wyckoff phase happening for the last 2 weeks for a push to the upside. With mitigation currently happening meeting our reversal 71.8 Fibonacci level, my bias is currently to the downside with my sell limit being met. I won't be surprised if this pushes higher to the price points of 1527 however to fill the huge imbalances we have at those levels.
As EURGBP usually does the opposite to GBP based pairs, I am looking for a bullish move to the upside for the EUR. Currently sitting at a institutional level to play from and I'll be hoping for some consolidation here to give positive signs for the up move. PATIENCE - CONFIRMATION - ENTRY - PROFIT
If we get a (very slow) pull back filling imbalances down to these levels I'll be looking to pull the trigger on a bullish rally to the upside clearing liquidity and potentially closing out the open order above once clearing the resistance area marked out in green. Alot of.... PATIENCE - CONFIRMATION - ENTRY - PROFIT