EURGBP TRADE IDEA NARRATIVE
1. The weekly order flow has been bearish clearing out external range liquidity on the weekly TF.
2. The raid of the external liquidity happened inside a weekly fvg. This is a higher TF turning point of the market.
3. Once external is cleared, we know market seeks internal liquidity and we see that through sentiment change on the daily TF.
4. Price is now accumulating in the form of a consolidation.
5. Our focus will be the weekly fvg formed above the 50% of the weekly dealing range.
6. We shall be expecting down closed candles to provide support to Price.
7. Looking left we shall be expecting the distribution zones to facilitate accumulation of orders until we reach our weekly target of the internal fvg which is at premium level.
1. The weekly order flow has been bearish clearing out external range liquidity on the weekly TF.
2. The raid of the external liquidity happened inside a weekly fvg. This is a higher TF turning point of the market.
3. Once external is cleared, we know market seeks internal liquidity and we see that through sentiment change on the daily TF.
4. Price is now accumulating in the form of a consolidation.
5. Our focus will be the weekly fvg formed above the 50% of the weekly dealing range.
6. We shall be expecting down closed candles to provide support to Price.
7. Looking left we shall be expecting the distribution zones to facilitate accumulation of orders until we reach our weekly target of the internal fvg which is at premium level.
Trade closed: target reached