GBP/USD
- Weekly and Daily Timeframe overall Bullish . We are in the retracement phase so I expect price to push down to our area of demand to go long.
- 4 hour timeframe still making lower lows lower highs ( retracement phase for the higher timeframe ) . I want to see price take out those equal highs ( liquidity ) and hit our supply zone to go short(sell) .
1) If price stays below our supply zone we can look for some shorts if we get a confirmed entry on the lower timeframe .
2) If price closes above our area of supply we can look for longs(buy).
Those are my two trade scenarios I'm waiting for this week .
Remember I only trade New York or London session!
This is not financial advise
- Weekly and Daily Timeframe overall Bullish . We are in the retracement phase so I expect price to push down to our area of demand to go long.
- 4 hour timeframe still making lower lows lower highs ( retracement phase for the higher timeframe ) . I want to see price take out those equal highs ( liquidity ) and hit our supply zone to go short(sell) .
1) If price stays below our supply zone we can look for some shorts if we get a confirmed entry on the lower timeframe .
2) If price closes above our area of supply we can look for longs(buy).
Those are my two trade scenarios I'm waiting for this week .
Remember I only trade New York or London session!
This is not financial advise