Bullish sentiment on GBPUSD
My bullish sentiment on GBPUSD are backed by the following
confluences-
1) Market structure (BoS), 2) IMB-Demand, 3) Imbalance, 4) Liquidity(trendline liquidity)
So my markups currently are done on the 1D higher timeframe (HTF).
So price has successfully broken structure higher showing a
continuation in the bullish trend, and has successfully
retraced back down to first fill up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity, and after I’m currently
waiting for price to reach my main point of interest which is the
Demand below to mitigate it. If price successfully
reaches my Demand zone and tends to respect that
Demand zone,I’m expecting two things to likely happen there which are either
price buys off immediately which I’ll already be in on the trade with my first entry placed at the mid range of the demand or it gives me my basic entry structure on the lower
timeframe which is a-lower low,lower high, lower low and then a higher high. Then if this emerges successfully I’ll have my second entry placed on any demand formed on the lower timeframe. Where on both entries I’ll be targeting a minimum of 1:3 each as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.
confluences-
1) Market structure (BoS), 2) IMB-Demand, 3) Imbalance, 4) Liquidity(trendline liquidity)
So my markups currently are done on the 1D higher timeframe (HTF).
So price has successfully broken structure higher showing a
continuation in the bullish trend, and has successfully
retraced back down to first fill up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity, and after I’m currently
waiting for price to reach my main point of interest which is the
Demand below to mitigate it. If price successfully
reaches my Demand zone and tends to respect that
Demand zone,I’m expecting two things to likely happen there which are either
price buys off immediately which I’ll already be in on the trade with my first entry placed at the mid range of the demand or it gives me my basic entry structure on the lower
timeframe which is a-lower low,lower high, lower low and then a higher high. Then if this emerges successfully I’ll have my second entry placed on any demand formed on the lower timeframe. Where on both entries I’ll be targeting a minimum of 1:3 each as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.
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