Here is an update on our analysis from yesterday. the market has not really moved so well but we are anticipating a good short run to the buy position.
here is a simple Long bias on GBPUSD. I am looking at using the breaker block and imbalance as my entry point for the long to clear the higher timeframe high. our last analysis reacted to our POI and violated the4 analysis.
New week analysis on GBPUSD. I am looking at some shorts on this pair from the higher timeframe POI before going for a swing buy to clear the last market structural high.
On the pair, we are in for a bearish ride. After the market went for our OB from days back. Tho there woill be traces of long positions inbetween our sell bias.
On the daily and H4 time frame, we see an imbalance traced down yo the hourly timeframe, there is an OB which is my POI for the pair. We could see this play out before the day ends.
Analysis shows a bearish bias on GJ. Just below the swing high, there is an order block on the Daily time frame which was also present on the 4hr, 1hr times. We have two point of interest which are our entries. The first is at 50% fib. Of the order block while the second is at the body of the order block candle.
