LOOKING FOR FURTHER LONGS
GBP/USD 4H - I was expecting price to reverse from this FVG marked above, since price has absorbed this area and traded above it we can now expect this market to put in further bullish structure.
So with that being said I have gone ahead and marked out an area of interest in mind and I will be waiting for price to trade us back down and into that giving us an entry to get involved in this market.
We can look at this as a break and retest from an area of resistance, or simply that price has absorbed this area of Supply and Demand is still in control of the market, its simply pulling back to pick up more Demand before trading us higher.
Once we see price trade us down and into this fractal area of Demand I will then be waiting for price to give us entry confirmation, this will come from a fractal BOS and this is when I will be looking to buy in.
So with that being said I have gone ahead and marked out an area of interest in mind and I will be waiting for price to trade us back down and into that giving us an entry to get involved in this market.
We can look at this as a break and retest from an area of resistance, or simply that price has absorbed this area of Supply and Demand is still in control of the market, its simply pulling back to pick up more Demand before trading us higher.
Once we see price trade us down and into this fractal area of Demand I will then be waiting for price to give us entry confirmation, this will come from a fractal BOS and this is when I will be looking to buy in.
Penafian
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