EUR/GBP 🌍
The macro narrative heading into this trading week is dominated by central bank divergence and incoming Eurozone inflation data relative to UK labor metrics 🏦. Market chatter suggests a growing consensus expecting sterling resilience against euro weakness. Interestingly, general online sentiment is leaning notably short, creating a classic overcrowded environment ripe for a brief liquidity sweep to trap late retail momentum sellers before the broader directional trend continues.
Looking closely at your chart setup, we have a clear Bearish Markdown Phase underway on the 30m frame 📉. The price is respecting a clean sequence of lower highs and lower lows under Wyckoffian markdown rules. As price breaks down and extends deeper through the Asian session, online communities are calling for immediate continuation down to the 0.8550 handle. However, Auction Market Theory reminds us that extended price action outside of established value zones often seeks balanced re-testing. Retail consensus is currently chasing this low, setting up a prime environment for market makers to engineer a pullback into overhead supply.
Key Zone: I am focusing directly on the previous consolidation range low and Value Area Low (VAL) confluence around 0.85695–0.85733 📉. This region aligns with your mapped Fixed Range Volume Profile (FRVP) low node and sits just beneath the heavier POC/VAH cluster sitting around 0.85801.
We are currently extended near 0.85625 at the base of this recent impulsive leg down. I am watching for a swift "run on liquidity" into London—a pullback designed to sweep late short stops and trap premature buyers around the 0.85695 region 🧹. Once price tests that value boundary and displays a clear bearish break of structure, the higher timeframe supply should push price into full discovery mode lower toward 0.85500.
My Trade Plan 🎯
Bias: Short (patiently awaiting a structural pullback to high-volume value zones).
Entry Protocol: Wait for price to retrace into the 0.85695 – 0.85733 supply zone during the London session. Look for a 5-minute or 15-minute Bearish Break of Structure (CHOCH/MSB) inside this key volume node, triggering a short entry with stops above 0.85801, targeting liquidity pools below 0.85550.
The macro narrative heading into this trading week is dominated by central bank divergence and incoming Eurozone inflation data relative to UK labor metrics 🏦. Market chatter suggests a growing consensus expecting sterling resilience against euro weakness. Interestingly, general online sentiment is leaning notably short, creating a classic overcrowded environment ripe for a brief liquidity sweep to trap late retail momentum sellers before the broader directional trend continues.
Looking closely at your chart setup, we have a clear Bearish Markdown Phase underway on the 30m frame 📉. The price is respecting a clean sequence of lower highs and lower lows under Wyckoffian markdown rules. As price breaks down and extends deeper through the Asian session, online communities are calling for immediate continuation down to the 0.8550 handle. However, Auction Market Theory reminds us that extended price action outside of established value zones often seeks balanced re-testing. Retail consensus is currently chasing this low, setting up a prime environment for market makers to engineer a pullback into overhead supply.
Key Zone: I am focusing directly on the previous consolidation range low and Value Area Low (VAL) confluence around 0.85695–0.85733 📉. This region aligns with your mapped Fixed Range Volume Profile (FRVP) low node and sits just beneath the heavier POC/VAH cluster sitting around 0.85801.
We are currently extended near 0.85625 at the base of this recent impulsive leg down. I am watching for a swift "run on liquidity" into London—a pullback designed to sweep late short stops and trap premature buyers around the 0.85695 region 🧹. Once price tests that value boundary and displays a clear bearish break of structure, the higher timeframe supply should push price into full discovery mode lower toward 0.85500.
My Trade Plan 🎯
Bias: Short (patiently awaiting a structural pullback to high-volume value zones).
Entry Protocol: Wait for price to retrace into the 0.85695 – 0.85733 supply zone during the London session. Look for a 5-minute or 15-minute Bearish Break of Structure (CHOCH/MSB) inside this key volume node, triggering a short entry with stops above 0.85801, targeting liquidity pools below 0.85550.
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
💬 Discord: discord.com/invite/PcBeCdwVQq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
💬 Discord: discord.com/invite/PcBeCdwVQq
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.