GBP/USD - Following Oversold Zones (LIQUIDITY UP)
Technical Overview: - GBP/USD
Check out our previous posted analysis
As mentioned last week, we were waiting for price action to come down to our long price targets to then look for further confirmation.
We had a very busy week filled with fundamentals topping it off with Powell speech.
Friday had to take a step back and rethink it self based on the fundamentals
Last week we had a bigger range, we worked with 4 different zones and 2 of those had been reached we are now working within the 2 other zones
we had 2 buy zones 2 sell zones, bigger range, smaller range we had cleared the range within we are now working with the outer range
We see a lot of liquidity built up and this comes from whoever had seen this as "resistance" while on the lower side we see the same thing happen as "Support" and that is why we are anticipating price to take out both imaginary levels
We marked potential buy zones the lower being the better, due to our strategy, we can look to trade longs in both zones and exit as intraday
Price can react off the first buy zone and intraday long then follow up and go lower the next day, that's why an intraday strategy must be in place.
HTF suggests downside but the outer structure remains bullish targeting last highs created few weeks back.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
Check out our previous posted analysis
We had a very busy week filled with fundamentals topping it off with Powell speech.
Friday had to take a step back and rethink it self based on the fundamentals
Last week we had a bigger range, we worked with 4 different zones and 2 of those had been reached we are now working within the 2 other zones
we had 2 buy zones 2 sell zones, bigger range, smaller range we had cleared the range within we are now working with the outer range
We see a lot of liquidity built up and this comes from whoever had seen this as "resistance" while on the lower side we see the same thing happen as "Support" and that is why we are anticipating price to take out both imaginary levels
We marked potential buy zones the lower being the better, due to our strategy, we can look to trade longs in both zones and exit as intraday
Price can react off the first buy zone and intraday long then follow up and go lower the next day, that's why an intraday strategy must be in place.
HTF suggests downside but the outer structure remains bullish targeting last highs created few weeks back.
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
