shorting EURGBP because of the correlation with my current trade im in on EURUSD im aiming for the low point of the daily for a take profit with some running profits after it hits about half way with re entrys on the way down
I'm thinking USDCAD should test low to high its heading to the high side of my zone marked above as daily hitting the peak usually means a slow down and turn around of price im waiting for a right shoulder to be formed in the morning before i decide to enter but this is where I'm thinking it should run
I am looking for a possible retest of the daily structure to the low side on GBPUSD for the week it broke channel formation which usually means it will create a final low to make a push up and then continue with market structure to the low side
Due to contraction are being at the the low point with no test of the high low zone it should expand to the low side and start its move up throughout the day meaning gbp could possibly be moving to the upside
Looking at possibly buying GBPUSD due to the overall bullish momentum and signs showing the break and retest zones are being targeted for higher gains. fundamentals may play a role in pushing it up higher
Looking at the smart money way of trading I can clearly see a contraction point on the low side of the daily movement it should continue to drop the break and retest points should be secondary entry areas with high probability to continue after they are broken 1:3 RR on 1 entry
The current price for the start od gold looks to be trading bearish overall bias looks to have been shifted from the break of market structure on the bias the retest should come down to retest the same break before it continues to the bulls or breaks back down to the bears. I plan on trading from the swing high to swing low
GU headed bullish to follow the trend because I didn't read into the overall trend as much as I should have but it's alright we are capitalizing on the push up and retest of higher timeframe fair value gap retest to get our next entry.
after the accumulation of Oils move up we can see it came up to retest the last order block that pushed the market to the low side. it should head back down to retest that fair value gap and continue up from there until it reaches new liquidity.