GBPUSD
May 30
Bias and Logic for a sell off day
*Cycle consolidation coming into Asia
*Previous buy side liquidity taken at NY 9 Macro coming into NY close to consolidation
*Premium on the day with a sell off idea for Asia and London, to rebalance yesterdays inefficiencies
Dealer delivery price takes NY 9 macro buy stop then creates smooth equal highs, likely hood of it swinging high to take liquidity to drop for the sell profile Im anticipating
*higher equal highs 1.35226 not taken made me nervous, sometimes price is greedy
*Price swings up 21:00 macro to take noted equal highs
* note the higher highs wicking at the 50% level
*note how its just the wicks no bodies touch the 50
I was using this logic to frame EUR short sell trade I was hunting for
May 30
Bias and Logic for a sell off day
*Cycle consolidation coming into Asia
*Previous buy side liquidity taken at NY 9 Macro coming into NY close to consolidation
*Premium on the day with a sell off idea for Asia and London, to rebalance yesterdays inefficiencies
Dealer delivery price takes NY 9 macro buy stop then creates smooth equal highs, likely hood of it swinging high to take liquidity to drop for the sell profile Im anticipating
*higher equal highs 1.35226 not taken made me nervous, sometimes price is greedy
*Price swings up 21:00 macro to take noted equal highs
* note the higher highs wicking at the 50% level
*note how its just the wicks no bodies touch the 50
I was using this logic to frame EUR short sell trade I was hunting for
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.