My Idea on GBP/USD
Bias
Weekly - Bearish
Daily - Bullish
Idea
Because of the Simple Rule HTF is King (In my Scenario Weekly > Daily). We are currently in the weekly 70% Zone. So I assume a continuation in the weekly trend -> Weekly LL.
Daily is still bullish so right now we should be careful. If Market gives us a Sign on H4/H1 (which is difficult rn because EUR flew crazy), I would short to potentially take out the daily low which would follow the weekly trend. If Market decides to go higher, i would look at the same short scenario as here.
Potential Longs are also possible because as you see daily internal aligned with daily again.
So all in all I am careful right now because 1. Market is crazy right now 2. Weekly vs daily 3. NPF Tomorrow (maybe we know more tomorrow)
Weekly - Bearish
Daily - Bullish
Idea
Because of the Simple Rule HTF is King (In my Scenario Weekly > Daily). We are currently in the weekly 70% Zone. So I assume a continuation in the weekly trend -> Weekly LL.
Daily is still bullish so right now we should be careful. If Market gives us a Sign on H4/H1 (which is difficult rn because EUR flew crazy), I would short to potentially take out the daily low which would follow the weekly trend. If Market decides to go higher, i would look at the same short scenario as here.
Potential Longs are also possible because as you see daily internal aligned with daily again.
So all in all I am careful right now because 1. Market is crazy right now 2. Weekly vs daily 3. NPF Tomorrow (maybe we know more tomorrow)
Catatan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.