GBPUSD - Daily Don't Get Any Better Than This
Refer back to my weekly projection for cable attached down below as you will understand why my bias for the medium term is bearish.
Going into this week, I see the opportunity for the accumulation of longs by smart money at the bearish imbalance @ 1.26843 - 1.26750 an option before repricing below the daily Sellside liquidity.
I do not want to see the daily up-close candle printed on Wednesday 20th Mar 24 traded above as that will negate my short bias for this week. Moreover, if cable was to continue to rally higher, 1.27213 would be ideal for me to wait and STRIKE like a cobra out of the grass!
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Going into this week, I see the opportunity for the accumulation of longs by smart money at the bearish imbalance @ 1.26843 - 1.26750 an option before repricing below the daily Sellside liquidity.
I do not want to see the daily up-close candle printed on Wednesday 20th Mar 24 traded above as that will negate my short bias for this week. Moreover, if cable was to continue to rally higher, 1.27213 would be ideal for me to wait and STRIKE like a cobra out of the grass!
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Trade active:
Scoping 1.26750 for potential shorts
Order cancelled:
Never really made it to 1.26750. I would be risking too much for what it's worth..
Comment:
Compare market structure to Euro and you will see what I am taking about
