GBP/USD (6-7/6-11) Week Analysis
Macro -
Weekly: Structure is Bullish; Flow = Bullish, slight pause in momentum.
Price just wicked above the weekly high. This may be a sign of a deep retracement, or SOS to make a strong move up wards into the Monthly HIGH.
Intraweek-
Daily: Structure/Flow = Consolidated, previously bullish.
Price (LG) sellers in a 2 Week Consolidation range. This may have created enough orders to push up, unless price want to (LG) the buyers, to create a deeper retracement to the downside.
Intraday-
H4: Structure/Flow = Consolidating, looking bearish
price broke H4 HL to the DOWNSIDE (slight grab of liquidity), creating a LH & LL. We have not confirmed bearish movement yet.
Will be looking for price to retrace into my Daily Demand Zones, or build a more of a story as time passes.
Mainly looking for buys! but not yet. Want to wait for price to enter my PREFERRED areas.
Weekly: Structure is Bullish; Flow = Bullish, slight pause in momentum.
Price just wicked above the weekly high. This may be a sign of a deep retracement, or SOS to make a strong move up wards into the Monthly HIGH.
Intraweek-
Daily: Structure/Flow = Consolidated, previously bullish.
Price (LG) sellers in a 2 Week Consolidation range. This may have created enough orders to push up, unless price want to (LG) the buyers, to create a deeper retracement to the downside.
Intraday-
H4: Structure/Flow = Consolidating, looking bearish
price broke H4 HL to the DOWNSIDE (slight grab of liquidity), creating a LH & LL. We have not confirmed bearish movement yet.
Will be looking for price to retrace into my Daily Demand Zones, or build a more of a story as time passes.
Mainly looking for buys! but not yet. Want to wait for price to enter my PREFERRED areas.
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