I'll be watching for price to t ap into that daily inefficiency zone, drawing liquidity as it does. Once that happens, I'll be on the lookout for selling opportunities.
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Hi guys, nothing crazy, I Just wanna say I'll be looking for to sell GBPUSD once i see price take out those equal high(EQH ) liquidity.
Alternatively, I'll be looking for buy also to clear those equal highs(EQH ) if at all price takes out those equal lows(EQL).
Any of this scenarios should happen by NY session or I wait till next week.
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Looking at the daily timeframe, it was clear that the GBPUSD pair had a bearish bias. In light of this, our focus was on potential selling opportunities, and we identified two key areas for consideration:
1. The breaker area , which typically coincides with the 50% Fibonacci level (indicating equilibrium).
2. T he order block area , often found at the...
When looking at the EURUSD currency pair from a bigger picture (daily chart), it's clear that the overall trend is still upward, even though there have been recent downward movements on lower time frames(LTFs). We prioritize the bigger picture trend over the shorter term movements.
So, we're considering potential buy opportunities around the strong demand area...
