GBPUSD 15m 4th August
Cable
Very interesting price action currently on this pair, we are now in an extreme daily demand zone and displacement back into the zone yesterday after taking the weak lows.
Technically we have a 15m buy program, however it is not aligned to the higher time frames.
Daily is bullish swing, we have a bearish pullback which has taken demand out, this could be a liquidity sweep to target the highs, however we need to see how the jobs data goes today.
H4 is bearish, however its starting to show some consolidation.
Will be waiting to see how the pair moves during the news, if there is a sweep of the liquidity, we can look for more structure to form for confirmed entries
Very interesting price action currently on this pair, we are now in an extreme daily demand zone and displacement back into the zone yesterday after taking the weak lows.
Technically we have a 15m buy program, however it is not aligned to the higher time frames.
Daily is bullish swing, we have a bearish pullback which has taken demand out, this could be a liquidity sweep to target the highs, however we need to see how the jobs data goes today.
H4 is bearish, however its starting to show some consolidation.
Will be waiting to see how the pair moves during the news, if there is a sweep of the liquidity, we can look for more structure to form for confirmed entries
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