My Idea on GBP/USD

3 giorni fa

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)

3 giorni fa

Nota