GBPUSD - Tomas
FRI 20/12/24 - NY
Not much interesting PA on GU today.
We were interested in some possible longs, since on D/H4 TF we swept clean HTF ERL. We know based on previous experience, the moment price sweeps these HTF ERLs, we tend to experience some strong reactions. In this case, looking for longs was something interested, especially after the strong H1 CH (cleaner during NY). After H1 CH bullish, price completely explode to the upside and never mitigated any valid H1 demand, therefore it was impossible to even use the LTFs to find the EMs. At this stage, i am still interested in looking for longs, but price has to form some strong H1 iBOS and HP H1 demand, so i can follow the OF and play the bullish PB.
D: https://www.tradingview.com/x/LnRNqXxD/
H4: https://www.tradingview.com/x/wHgtAUOu/
H1: https://www.tradingview.com/x/GHxJ5jeL/
M15: https://www.tradingview.com/x/sWrSyvJ3/
FRI 20/12/24 - NY
Not much interesting PA on GU today.
We were interested in some possible longs, since on D/H4 TF we swept clean HTF ERL. We know based on previous experience, the moment price sweeps these HTF ERLs, we tend to experience some strong reactions. In this case, looking for longs was something interested, especially after the strong H1 CH (cleaner during NY). After H1 CH bullish, price completely explode to the upside and never mitigated any valid H1 demand, therefore it was impossible to even use the LTFs to find the EMs. At this stage, i am still interested in looking for longs, but price has to form some strong H1 iBOS and HP H1 demand, so i can follow the OF and play the bullish PB.
D: https://www.tradingview.com/x/LnRNqXxD/
H4: https://www.tradingview.com/x/wHgtAUOu/
H1: https://www.tradingview.com/x/GHxJ5jeL/
M15: https://www.tradingview.com/x/sWrSyvJ3/