GBPUSD Intraday Bias
GBPUSD
Aug 10 1145H GMT+8
Bias is still Bearish. I expect Dollar index to go higer after US Core Inflation release 0830H EST.
4H Descending Channel is still intact
NY Session yesterday produced a 1H SZ (Supply Zone) and FVG (Fair Value GaP). I'm expecting London Session to fill the gap.
I expect London to take out Sellside Liquidity (Sell Stops) before the rally up the 1H FVG.
If the RR for a long setup is good, take it. Otherwise, wait for a better shorting opportunity at the 1H FVG/SZ. Target is an Longterm Lower Low.
Aug 10 1145H GMT+8
Bias is still Bearish. I expect Dollar index to go higer after US Core Inflation release 0830H EST.
4H Descending Channel is still intact
NY Session yesterday produced a 1H SZ (Supply Zone) and FVG (Fair Value GaP). I'm expecting London Session to fill the gap.
I expect London to take out Sellside Liquidity (Sell Stops) before the rally up the 1H FVG.
If the RR for a long setup is good, take it. Otherwise, wait for a better shorting opportunity at the 1H FVG/SZ. Target is an Longterm Lower Low.
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