Hello everyone. Good day & I hope you all profit today.
From what I see in GBPUSD, a big void needs to be filled due to the US CPI release last time.
I will start to accumulate buy at the bottom (around 1.12-1.198) to 1.17-1.168.
This is due to the imbalance, which needs to be filled as it is unfair to the buyers.
I call this an unfinished QM setup because it should have a right shoulder and it does not have a proper fall. So the price had to come back at that point to fill the imbalance.
From what I see in GBPUSD, a big void needs to be filled due to the US CPI release last time.
I will start to accumulate buy at the bottom (around 1.12-1.198) to 1.17-1.168.
This is due to the imbalance, which needs to be filled as it is unfair to the buyers.
I call this an unfinished QM setup because it should have a right shoulder and it does not have a proper fall. So the price had to come back at that point to fill the imbalance.