Daily Swing Structure = Bullish
Daily INternal Structure = Bearish.
Narrative Based on Internal Structure.
We are Pro-trend.
But, we are coming from a strong demand zone.
From a daily perspective, GBPUsd is really not that clear.
It is possible that the demand zone could SPONSOR a move that breaks the Swing Protected High.
In short, this demand zone could be the genesis of phase C moves.
_______________________________________
4HRS
Swing structure = Bearish
Internal Structure = Bullish
We know that internal structure was bullish to facilitate the swing pullback.
We also know that internal trend changed from bullish to bearish hich signaled to us that the pullback phase was over.
The moment internal trend changed from bullish to bearish, the demand zones left behind were now reaction points.
However, Price tapped into demand zone created on Jan 21, and immediate reversed breaking internal change and causing an internal trend change from bearish to bullish.
We know that after every break of structure (iBoS, CHoCH or BoS) we should expect a pullback from the reaction points.
The moment internal trend changed from bearish to bullish, every demand zone left behind (STB Zones, Orderblocks Breakers etc etc) becomes reaction points.
That brings us to where we are.
The orderflow that we should follow is the fractal orderflow that we continue selling the currency until the fractal market structure changes from bearish to bulllish.
The moment fractal structure switches, that signals to us that the internal pullback is over.
Daily INternal Structure = Bearish.
Narrative Based on Internal Structure.
We are Pro-trend.
But, we are coming from a strong demand zone.
From a daily perspective, GBPUsd is really not that clear.
It is possible that the demand zone could SPONSOR a move that breaks the Swing Protected High.
In short, this demand zone could be the genesis of phase C moves.
_______________________________________
4HRS
Swing structure = Bearish
Internal Structure = Bullish
We know that internal structure was bullish to facilitate the swing pullback.
We also know that internal trend changed from bullish to bearish hich signaled to us that the pullback phase was over.
The moment internal trend changed from bullish to bearish, the demand zones left behind were now reaction points.
However, Price tapped into demand zone created on Jan 21, and immediate reversed breaking internal change and causing an internal trend change from bearish to bullish.
We know that after every break of structure (iBoS, CHoCH or BoS) we should expect a pullback from the reaction points.
The moment internal trend changed from bearish to bullish, every demand zone left behind (STB Zones, Orderblocks Breakers etc etc) becomes reaction points.
That brings us to where we are.
The orderflow that we should follow is the fractal orderflow that we continue selling the currency until the fractal market structure changes from bearish to bulllish.
The moment fractal structure switches, that signals to us that the internal pullback is over.
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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.
Related publications
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.