GBPUSD preview We saw bearish price action following FOMC. Now price is resting in the discounted area so we will be looking for buy intraday opportunities in the near future. Overall the price action remains bearish as price inefficiencies have not been filled while sell stops rest below the most recent low on the daily timeframe.
Ictorderblock
GBPUSD short setupPrice has reached a optimal level in our daily fib range (0.705 ict level). Now we are looking for shorts adding orderblocks as confluence. We are still in a downtrend in the daily as the volume is still bigger on the sellside. I'd look for a sell entry as soon as the asian high has been taken out. Lower time frime confirmation or shift of structure should be considered for a higher probability. Trade safe!
EURUSD SHORT NEW YORKMonday is not the best day to be trading this pair, but I see a lot of sell-side liquidity that needs to be cleared. In London we are seeing price moving up to retrace to a Fib Discount Zone of the Swing we had during Asia. Henceforth during New York I will be looking for BOS on lower Timeframes to go short with my stop just above the Asian High. If trade indeed reverses during NY it will give us minimum 1:3 RR. Will continue updating the trade on my other platforms. Good trading!!!