We have been in the Wyckoff distribution event phases for the last week. The current move to the downside is looking like a fake out to me (I hope) to make 1 more move to the upside as I am hoping for the UTAD move to be met which should finally see our big sell off to the downside which also fills ineffecient imbalance and also has the opportunity to close the...
I see set ups for GBP based pairs to rise within the next couple of days which gave me the indication EURGBP should fall as the reverse. Open order above to close out and I've had my eyes on an open order from the 3rd May 2019 below which also needs to be closed out at some point. These 2 levels are now my levels to play between to close out both taking out...
If the DXY drops from here, it's going to be a fun week
We've had a large open order from 2017 that still needs to be mitigated out, but prior to that bullish rally, we should see one more move to the downside for this mitigation to play out. I'm looking for a pull back between the 71.8 and 78 fib level for this to continue downwards. As always...... PATIENCE - CONFIRMATION - ENTRY - PROFIT
W' Pattern being formed creating a double bottom for lidiqty below. We have an open order, liqidity to capture and imbalance with a gap in the market to fill which gives me positive signs to the upside short term before we see a potential fall to the next open order below. As always...... PATIENCE - CONFIRMATION - ENTRY - PROFIT
Still waiting for this GBPUSD to reach it's 61/78% discount zone before I look to buy. We have a lot of liquidity sitting below, topped with open orders and some imbalances to fill so this give me the impression that the market needs to close these things out before heading back up. PATIENCE - CONFIRMATION - ENTRY - PROFIT
If one of these price levels holdl, I'll be looking for a retracement to the upside to fill some imbalances and scoop some liquidity before heading back down to mitigate out of some open orders.