GBP/USD 1H - As we can see above I have gone ahead and drawn out a path on exactly how I want to see price play out. I believe this bullishness is to continue into our higher TF Supply zone where we can then look to sell.
By price penetrating said zone there will be a huge introduction in Supply and bears will be actively looking to push price lower, on top of this we will have a-lot of buyers closing there positions here as well adding to the bears strength.
In order for us to be able to actively look to sell into this market we will first need to be delivered with a BOS to the downside, once we have that confirmation we can then look to get introduced on a pullback.
I have highlighted an example above, finding a fractal Supply zone from the impulsive wave that broke the structure to the downside in the first place. By doing this we are giving ourselves a refined area to look to enter from.
By price penetrating said zone there will be a huge introduction in Supply and bears will be actively looking to push price lower, on top of this we will have a-lot of buyers closing there positions here as well adding to the bears strength.
In order for us to be able to actively look to sell into this market we will first need to be delivered with a BOS to the downside, once we have that confirmation we can then look to get introduced on a pullback.
I have highlighted an example above, finding a fractal Supply zone from the impulsive wave that broke the structure to the downside in the first place. By doing this we are giving ourselves a refined area to look to enter from.