This OANDA:EURGBP trade has already started but I will like to take another entry around the Fair Value Gap highlighted
I will taking a buy on OANDA:EURGBP . This trade has three Take Profits as shown on the chart.
I will be waiting for price at the highlighted Orderblock
I will be look to take a buy entry at the order blocks highlighted on OANDA:EURUSD
I will be shorting OANDA:SPX500USD based on what Monday's price action tells me
I will be waiting to short Gold on Tuesday but it will be based on what Monday's price action tells me
Price will have to fill the FVG at the bottom. Price did a Breaker Retest on the Monthly time frame meaning it is bullish in the long term but for now it is bearish. Let us see what Price will print.
If Price does not break market structure it will be a little retracement into the order block and down to fill the FVG down there.
Two scenarios might happen 1. If Price is able to break the order blocks, price will seek to fill the Monthly Liquidity Void and Monthly FVG below OR 2. If the order blocks hold then it will seek to fill FVG and liquidity void before coming down. Let see what price will print.
If price is able to break the Weekly and Monthly OB, price will continue to fill the Monthly Liquidity Void. DXY is also currently on the downside. Let us see how it goes.
DXY at the moment is weak meaning GU is going to buy for a very long time until fundamental factors set it. Price would want to fill the FVG since it is the path with the least resistance.
Two scenarios are likely to happen 1. Sorry I did not take the FVG at the bottom into account. Price is going to fill the FVG at the bottom and then go strongly bullish 2. Price will go bullish and later come to fill since everyone is waiting for it to fill the gap so the Market Makers will manipulate price to get Sell side liquidity
On other brokers there is a gap down there so price would want to fill it. The feed on trading view says otherwise but the true trend is bullish
A lot of Order Blocks have been stacked causing a resistance. Price moves in the path of resistance so it will go to fill the FVG maybe taking BSL and then coming back to cause a breaker and moving down. Till then its a bullish quarter.