GBP/USD INTRADAY LONG
3 Main AIO corresponding to valid order blocks
1- Supply that formed before big push to the downside creating a Choch on 1h TF, although maing swing low was not broken. bullish bias for higher timeframes
2- Principal Area of interest with order placed with appropriate risk management, has it the last demand formed before new high is formed on the 1h in confluence with demand sitting at 0.705 fib level of the structural move. In confluence with the POC of volume profile correspondent to the beggining until start of today london session.
3- Demand just below sitting on 0.786 fib level of structural move where if price reaches the area I will look for LTF confirmations to place order
There is a significant increase in the volume traded per session as the week develops. last major volume, made price range after creating a new high. Although the build up in volume is aided of price oscillating to the upside. I take that as volume that intends to break structure meaning creating a new swing high.
For the reasons above i am bullish for today.
1- Supply that formed before big push to the downside creating a Choch on 1h TF, although maing swing low was not broken. bullish bias for higher timeframes
2- Principal Area of interest with order placed with appropriate risk management, has it the last demand formed before new high is formed on the 1h in confluence with demand sitting at 0.705 fib level of the structural move. In confluence with the POC of volume profile correspondent to the beggining until start of today london session.
3- Demand just below sitting on 0.786 fib level of structural move where if price reaches the area I will look for LTF confirmations to place order
There is a significant increase in the volume traded per session as the week develops. last major volume, made price range after creating a new high. Although the build up in volume is aided of price oscillating to the upside. I take that as volume that intends to break structure meaning creating a new swing high.
For the reasons above i am bullish for today.
Penafian
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