#GBPUSD #Tomas UPDATE
TUE 19 MAR 2024
Nothing interesting in todays GU PA.
We start the day by aggressively dropping to the downside. Price end up reaching Daily demand, these HTF POIs really act as magnet for price and override LTF PA. In this case, all H4 demands we marked were successfully disrespected, but we did not get affected as we do not set RE on them or tried to catch a reversal without decent MTF confirmation first. Anyway, after price reach Daily demand, looking for longs were valid but wont be jumping into LTFs as the Daily demand is massive and all MTF/HTF OF was bearish at the time, price eventually formed MTF CH bullish but its already outside session. Also, as you can see on the screenshots, i did not even used M15 TF, price did not PB into any valid POI, it simply drop + retrace, no interesting PA to study or be interested (especially as there was no MTF POI mitigation).
D: https://www.tradingview.com/x/JHSYNx1o/
H4: https://www.tradingview.com/x/66se19Uv/
H1: https://www.tradingview.com/x/aqdo1uxm/
TUE 19 MAR 2024
Nothing interesting in todays GU PA.
We start the day by aggressively dropping to the downside. Price end up reaching Daily demand, these HTF POIs really act as magnet for price and override LTF PA. In this case, all H4 demands we marked were successfully disrespected, but we did not get affected as we do not set RE on them or tried to catch a reversal without decent MTF confirmation first. Anyway, after price reach Daily demand, looking for longs were valid but wont be jumping into LTFs as the Daily demand is massive and all MTF/HTF OF was bearish at the time, price eventually formed MTF CH bullish but its already outside session. Also, as you can see on the screenshots, i did not even used M15 TF, price did not PB into any valid POI, it simply drop + retrace, no interesting PA to study or be interested (especially as there was no MTF POI mitigation).
D: https://www.tradingview.com/x/JHSYNx1o/
H4: https://www.tradingview.com/x/66se19Uv/
H1: https://www.tradingview.com/x/aqdo1uxm/