GBPUSD 3 MONTHS ANALYSIS - 16TH FEBRUARY 2023
MY TAKE ON POUND FOR THE NEXT 2 - 4 MONTHS
1. From a monthly Time Frame, Price has been offering Sell side the better part of 2022.
2. Price has begun to offer buy side for price efficiency.
3. Price is currently below equilibrium. This means, it is offering opportunities to buy to Premium.
4. If price cant take out the low of Jan and fill the FVG, this will be an opportunity for us to buy to the FVG created on May 2022.
5. But always, we wait for price to give us more info. My Bias is still bullish for the Pound. until we have entered above Equilibrium.
6. I will be looking at the highlighted Premium Arrays.
Be Smart
1. From a monthly Time Frame, Price has been offering Sell side the better part of 2022.
2. Price has begun to offer buy side for price efficiency.
3. Price is currently below equilibrium. This means, it is offering opportunities to buy to Premium.
4. If price cant take out the low of Jan and fill the FVG, this will be an opportunity for us to buy to the FVG created on May 2022.
5. But always, we wait for price to give us more info. My Bias is still bullish for the Pound. until we have entered above Equilibrium.
6. I will be looking at the highlighted Premium Arrays.
Be Smart
Comment:
Daily Chart Looks bearish. but that is just noise. wait for liquidity to be grabbed. and buy. to the zones marked in the Monthly TF.
Patience. Pays
Daily Chart Looks bearish. but that is just noise. wait for liquidity to be grabbed. and buy. to the zones marked in the Monthly TF.
Patience. Pays
Weekly is still Bullish. The FVG and OB right below the old low adds confluence to my idea. So i will wait patiently and buy at the specific zones once i get confirmation.