GBPUSD 1H Trade idea for next week.
High Level of bearish confluence on the daily timeframe. Seeking sells on the one hour timeframe from highs at 1.22545 into lows at 1.21265
Getting some high reaction off of a high volume orderblock with 202k volume.
Price Action concepts and Oscillator Matrix
Daily timeframe :
JOLTs Job openings data against the Dollar Yen. The chart doesn't care for the negative numbers. Each time there is a bad period the price still rises.
Actual - 8.82
Forecast - 9.46
Worst than expected
Even if price comes down I expect a reaction from this area
Technically speaking at the moment I don't see any reasons I enter a long. But I am seeing signs of bullish interest.
On the daily timeframe, this region has witnessed significant upward reactions historically. I am hopeful for a similar reaction once again.
Now that we have revisited this order block, I am anticipating a reaction on the 4-hour timeframe that...
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At the moment there seems to be a shift in market sentiment. In the cover chart we can see where price is concentrated in a small region and for most of that data the price delta is mostly bearish.
From signals and overlays and money flow we can see we are just transitioning into a bearish price action. Volume sentiment could be the catalyst for this move. I...
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Let's imagine it is Sunday, and you're preparing your watchlist for the week.
You use the market scanner to create your watchlist. You can learn about the market scanner here:
📊Your list contains:
PEPPERSTONE:EURUSD PEPPERSTONE:GBPJPY PEPPERSTONE:GBPUSD PEPPERSTONE:NZDJPY PEPPERSTONE:XAUUSD PEPPERSTONE:USDJPY
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This market is mostly ranging
On the 1H timeframe there is a descending trend but I would not trae inside this range
Price would need to break into the bullish some and give some strong bullish signal for me to take a buy or break below range to look for a pull back entry