I am doing my weekly forecast today (Saturday).It seems like price has finished the pull back, price has now broken below the daily low that was printed on 07 sep 2022 i am going to continue to look for shorting opportunities since the overall trend is bearish for GBP/USD. Price did not react to any of my bullish POI's i marked out last week price smashed right through all of them, that gives me an indication that price wants to continue bearish for the time being. I have marked out three bearish POI's where we could see price react from, two of the POI's are in a premium area and there is one bearish POI that is not in the premium area but if i get conformation i will be entering a short position from that POI. There are some imbalances that will need to be filled at some point so we could see price come to fill the imbalances this week but we will have to see what price does, overall i am still anticipating price to continue the bearish for the near future. Also there is the interest rate out next week for GBP and the USA.
I welcome any feedback you might have and if you have any questions feel free to message me:)
Disclaimer: I am not a financial advisor. Do not take anything on TV as financial advice, ever.
Do your own research.
Consult a professional investment advisor before making any investment decisions!
I welcome any feedback you might have and if you have any questions feel free to message me:)
Disclaimer: I am not a financial advisor. Do not take anything on TV as financial advice, ever.
Do your own research.
Consult a professional investment advisor before making any investment decisions!
It has been a decent week so far, price has been stuck in a range so far this week but we have seen some nice internal range structure which did provide me with some small scalp setups. We do have some high impact news out today which includes, United States Existing Home Sales MoM, United States Fed Interest Rate Decision, United States FOMC Economic Projections, United States Fed Press Conference. Since there is so much news out today I am expecting price to be a little bit choppy. In a perfect scenario i would like to see price come up and take out all the EQH's then tap into one of my bearish POI's to continue the move down but since we have Fed interest rate out today i don't think that will happen but we will have to wait and see what price does.