Still bullish on GU. There is a bearish OB @ 1.19760 above most recent buyside liquidity. Willingness to move away from that OB will flip my bias. If price trades to, through and holds above that level I expect price to continue to chase buyside liquidity. I'm not comfortable with buying from here since we are above EQL of the range.
Price has reached and showed willingness to move away from the OB at 1.17800(This entry was missed because it was after 11:30). After a break of sell structure ill look for a entry during either London or NY @ 1.17850. This could be the weekly low. (Working towards trading on bare charts and forecasting the next day's move)
Overall I have a bearish bias on GBPUSD. Lower timeframes are aligning with higher timeframe IOF. Ideally I would like to see price trade lower into 1.17769 before trading higher to grab buyside liquidity @ 1.19761, ultimately trading below and out of the 1.20000 - 1.17500 quarter level. 1.18750 half point is the EQL of the range. Could see price trade directly to...