Looking for two scenarios to play out here on GBPUSD this week. I do like the supply area marked by the risk entry. The only reason I see this failing is all the liquidity above it. I would need to see a confirmation at this zone for LTF sells. If price blows through this zone I see it filling the imbalances above and mitigating buy-to-sell orders. I Will look for shorts in the highlighted low-risk entry zone.
Can easily take buys up to targets as well. Will update as things get moving.
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Price has entered the risk entry supply zone. No trades were taken yet.
why arent you looking for a long trade as well here ?
OGIEFX
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@MrKrft, yeah you certainly can. This was just what I think will happen this week. As things present themselves you can absolutely take buys up to the supply areas. There just wasn't anything I liked before market open.