Intra - EURUSD, What do you want? Tell the truth..is it 1.2045?
I'm going to be quick with this because it is mid-session, and I want to stay in a trading flow.
GBP has tentative budget release today, stay mindful. Probably gonna come in around 5:30am (EST)
Watching: 1.2090-1.2100 for a short. Looking for banks to protect their UK open liquidity spike.
Reasoning:
If price hits the zone I'm watching, structure will play an important role in my decision to enter or not. I'm bullish long term so I rather be safe than stupid.
It may sound like I'm talking about GBPUSD cause I'm referring to London so much...GBP impacts EUR, London makes up about 35% of all FX transactions.
Currently monitoring.
GBP has tentative budget release today, stay mindful. Probably gonna come in around 5:30am (EST)
Watching: 1.2090-1.2100 for a short. Looking for banks to protect their UK open liquidity spike.
Reasoning:
- We triggered two daily highs on the London open
Tapped a supply zone
Price confirmed some shorts were there
If price hits the zone I'm watching, structure will play an important role in my decision to enter or not. I'm bullish long term so I rather be safe than stupid.
It may sound like I'm talking about GBPUSD cause I'm referring to London so much...GBP impacts EUR, London makes up about 35% of all FX transactions.
Currently monitoring.
Commento:
I'm looking for something like this on the 1 or 5min
Commento:
just gonna observe, price looks inconsistent, could rise, could fall