GbpUSd on the weekly timeframe shows alot of bullishness.
We are coming from a wekly Orderblock
The other point to note is that we have liquidated the most recent swing high, which means potentially before the move to the upside, we may see a retracement at least to the 25% of the previous week's range.
Daily Swing Structure is bullish.
We dont have a defined internal or fractal structure.
In that case we trade the swing structure.
Price moves in phases.
1. Phase 1 - Break of Structure.
2. Phase 2 - Retest of the previous structure.
3. Phase 3 - Continuation of the trend.
We are in phase 1, where the price just broke the swing high.
After every BoS, we expect a pullback.
Where s price at?
= Price is at a key area, where we have adaily Orderblock. We can expect to see a pullback initiating from this zone, putting price in phase 2, which means we can get some selling opportunities.
Set up 1:
We are selling this currency to buy.
Where are we buying from?
From the daily structure, we have the following key areas;
===> 1. Daily Orderblock (1.31116 & 1.30020)
===> 2. Fair Value Gap (1.31623 &1.31148)
===> 3. Daily Area of Continuation.
===> 4. Breaker Block that will be well defined in 4hrs.
Our expectation is that we may see price trading higher to grab liquidity above the friday's high and then reverse to the downside to our areas of interest as illustrated by the path tool.
------------------------------------------------------------------------------------------
4hrs swing structure = Bullish
4hrs internal structure = Bullish
4hrs Fractal Structure = Bullish
We trade the internal structure.
2 scenarios may happen:
===> 1. We may see a bullish pressure coming into the market right
away taking our LQ level (previous Day High) and tapping
into our Zone directly.
===> 2. We may see some bearish pressure and price either tapping
into orderblock A, or Orderblock B.
Note: Orderblock A is not in the discount area of our structure, whih leaves orderblock B as the most preferred orderblock to trade from.
From these Orderblocks we can get some buying opportunities to ride the trend to our daily OB.
What we are gearing up for is a patten 2 set up.
------------------------------------------------------------------------------------------
15 mins Swing structure = Bullish
15 mins internal structure = Bullish
15 mins Fractal Structure = Bullish
We trade internal Structure.
It is important to understand the narrative here.
The internal structure broke to the upside and the market pulled back all the way to the equilibrium of the internal range.
The fractal structure shifted bullish signifying the end of the pulback phase.
This means that we should be looking for continuation of this move especially from orderblock A. If that set up is invalidated,we look to trade from orderblock B.
We are coming from a wekly Orderblock
The other point to note is that we have liquidated the most recent swing high, which means potentially before the move to the upside, we may see a retracement at least to the 25% of the previous week's range.
Daily Swing Structure is bullish.
We dont have a defined internal or fractal structure.
In that case we trade the swing structure.
Price moves in phases.
1. Phase 1 - Break of Structure.
2. Phase 2 - Retest of the previous structure.
3. Phase 3 - Continuation of the trend.
We are in phase 1, where the price just broke the swing high.
After every BoS, we expect a pullback.
Where s price at?
= Price is at a key area, where we have adaily Orderblock. We can expect to see a pullback initiating from this zone, putting price in phase 2, which means we can get some selling opportunities.
Set up 1:
We are selling this currency to buy.
Where are we buying from?
From the daily structure, we have the following key areas;
===> 1. Daily Orderblock (1.31116 & 1.30020)
===> 2. Fair Value Gap (1.31623 &1.31148)
===> 3. Daily Area of Continuation.
===> 4. Breaker Block that will be well defined in 4hrs.
Our expectation is that we may see price trading higher to grab liquidity above the friday's high and then reverse to the downside to our areas of interest as illustrated by the path tool.
------------------------------------------------------------------------------------------
4hrs swing structure = Bullish
4hrs internal structure = Bullish
4hrs Fractal Structure = Bullish
We trade the internal structure.
2 scenarios may happen:
===> 1. We may see a bullish pressure coming into the market right
away taking our LQ level (previous Day High) and tapping
into our Zone directly.
===> 2. We may see some bearish pressure and price either tapping
into orderblock A, or Orderblock B.
Note: Orderblock A is not in the discount area of our structure, whih leaves orderblock B as the most preferred orderblock to trade from.
From these Orderblocks we can get some buying opportunities to ride the trend to our daily OB.
What we are gearing up for is a patten 2 set up.
------------------------------------------------------------------------------------------
15 mins Swing structure = Bullish
15 mins internal structure = Bullish
15 mins Fractal Structure = Bullish
We trade internal Structure.
It is important to understand the narrative here.
The internal structure broke to the upside and the market pulled back all the way to the equilibrium of the internal range.
The fractal structure shifted bullish signifying the end of the pulback phase.
This means that we should be looking for continuation of this move especially from orderblock A. If that set up is invalidated,we look to trade from orderblock B.
Trade active
The fractal orderflow has shifted from bullish to bearish. we follow this new ordeflow to our HFT OrderblockNotice, price reacted from orderblock B. We May retest that OB
Sell this targeting 1.32491
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.