GBP/USD Weekly Neutral/Bullish Outlook (21.10 - 25.10)
Happy Monday traders :)
On Monday, I observed that the Tokyo (Asian session) failed to take out previous day's high and failed to fill in a daily FVG on EU, leaving a lot of sell-side liquidity yet to be taken..
The buyside liquidity I marked was taken out during the American session. For the following week, I expect a continuation/doji on Tuesday, followed by a reversal on Wednesday, taking out the Draw on Liquidity (DOL) marked, for a liquidity grab, to continue higher. [LONGS]
However, if buying pressure is not strong enough, we may continue lower. (This is expected fundamentally due to the conflicts happening, which strengthens the USD.) [SHORTS]
Ideally, I want to see price go for a grab as mentioned, then rally to my DOL mentioned at the start. From there I would want to look for shorts. [LONGS]
However, once again, due to fundamentals, if buying pressure is not strong, we may continue lower. [SHORTS]
On Monday, I observed that the Tokyo (Asian session) failed to take out previous day's high and failed to fill in a daily FVG on EU, leaving a lot of sell-side liquidity yet to be taken..
The buyside liquidity I marked was taken out during the American session. For the following week, I expect a continuation/doji on Tuesday, followed by a reversal on Wednesday, taking out the Draw on Liquidity (DOL) marked, for a liquidity grab, to continue higher. [LONGS]
However, if buying pressure is not strong enough, we may continue lower. (This is expected fundamentally due to the conflicts happening, which strengthens the USD.) [SHORTS]
Ideally, I want to see price go for a grab as mentioned, then rally to my DOL mentioned at the start. From there I would want to look for shorts. [LONGS]
However, once again, due to fundamentals, if buying pressure is not strong, we may continue lower. [SHORTS]
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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.