GBPUSD OUTLOOK.
Market Structure Break Down.
1) Weekly- In this timeframe, the main structure is Bearish. Creating LH & LL. The price pulls back before long-term continuation unless it breaks the structure at 1.28000. The current candle is unidentifiable.
2) Daily- Market Structure is bullish creating HH & HL. Therefore, only buy setups we oat to look for on the lower-timeframe.
3)4H- Market structure is showing a clear bullish trend. However, the price has been consolidating since the market opened for the week. Before the Bullish continuation, expect liquidity grabs at 1.25000.
I am waiting for the price to break the 4H range and then wait for an entry confirmation.
Feel free to comment your thoughts on this breakdown.
1) Weekly- In this timeframe, the main structure is Bearish. Creating LH & LL. The price pulls back before long-term continuation unless it breaks the structure at 1.28000. The current candle is unidentifiable.
2) Daily- Market Structure is bullish creating HH & HL. Therefore, only buy setups we oat to look for on the lower-timeframe.
3)4H- Market structure is showing a clear bullish trend. However, the price has been consolidating since the market opened for the week. Before the Bullish continuation, expect liquidity grabs at 1.25000.
I am waiting for the price to break the 4H range and then wait for an entry confirmation.
Feel free to comment your thoughts on this breakdown.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.