GBP/USD -- BUY MONDAY!
Good evening traders
Crazy week with FOMC sweeping all of the liquidity then NFP in the same week!
I think we'll see a buy during Frankfurt open after a 'fakeout' down to lure sellers. There is a large imbalance that should be filled.
100+ pip potential, stretch target is the weekly point of control / zero side imbalance / structure level 1.2512
As always, monitor the price action on the LTF-- M1/M5 for entries.
Following that, we should sell off again-- the reversal is coming, but not just yet !
Good luck for the week ahead
Crazy week with FOMC sweeping all of the liquidity then NFP in the same week!
I think we'll see a buy during Frankfurt open after a 'fakeout' down to lure sellers. There is a large imbalance that should be filled.
100+ pip potential, stretch target is the weekly point of control / zero side imbalance / structure level 1.2512
As always, monitor the price action on the LTF-- M1/M5 for entries.
Following that, we should sell off again-- the reversal is coming, but not just yet !
Good luck for the week ahead
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