GBPUSD Weekly Multi-Time Frame analysis
Jan 3rd 2023 at 1900
Weekly:
1.Price is currently between the the bearish weekly High strong and weak swing low weak.
(See Green 1 and 2 for reference)
2. The internal structure used the week B.1 POS to medicate the equilibrium of the bearish Swing Range.
(See green 3 for reference)
3. This caused price to impulse to the downside and shift the internal market structure to align with the Bearish swing range.
(See 4 and than 5 for reference)
4. At weekly demand zone C.2 (#5 For reference)
price used the sell side liquidate to fuel and impulse bullish to the Weekly Supply zone.
5. Now (Jan 3rd 2024) price is starting to lose momentum to the upside. The internal internal of the weekly ibos (1 & 2) switched trends to the bearish trend change. wicked closed the lows
(See small 6 & 7)
5. The wick close in the current weekly candle. I would need to see a candle body close to consider this a complete bearish trend change. Showing price is more likely to the weak swing low weak (See 2)
5. Or price might sweep (wick closed) the bullish trend change sell side liquidity to go deeper into the week A.1. Go from 7 to 6 and push deeper in the zone
*** for position trade ideas (more investor focused trading ) I would like to see a weekly candle close with clean momentum bearish. This would be a very long term trade with a larger stop loss. The weekly A.1 is a B + set-up***
Weekly:
1.Price is currently between the the bearish weekly High strong and weak swing low weak.
(See Green 1 and 2 for reference)
2. The internal structure used the week B.1 POS to medicate the equilibrium of the bearish Swing Range.
(See green 3 for reference)
3. This caused price to impulse to the downside and shift the internal market structure to align with the Bearish swing range.
(See 4 and than 5 for reference)
4. At weekly demand zone C.2 (#5 For reference)
price used the sell side liquidate to fuel and impulse bullish to the Weekly Supply zone.
5. Now (Jan 3rd 2024) price is starting to lose momentum to the upside. The internal internal of the weekly ibos (1 & 2) switched trends to the bearish trend change. wicked closed the lows
(See small 6 & 7)
5. The wick close in the current weekly candle. I would need to see a candle body close to consider this a complete bearish trend change. Showing price is more likely to the weak swing low weak (See 2)
5. Or price might sweep (wick closed) the bullish trend change sell side liquidity to go deeper into the week A.1. Go from 7 to 6 and push deeper in the zone
*** for position trade ideas (more investor focused trading ) I would like to see a weekly candle close with clean momentum bearish. This would be a very long term trade with a larger stop loss. The weekly A.1 is a B + set-up***