GBP/USD 2-15-2022

So we seen GU has been in this consolidation stage accumulating all these orders where they did just sweep the lows around 9/10 this morning so from here we could either see a fake out and distribute off of the 4HR IT candle i have marked out to then come down and fill the imbalance on the daily and we anticipate for a buy depending the evidence we get when market comes to this area, but we have a possible sell to buy opportunity here so we will see what evidence we get when we get to this IT candle on the 4hr and if we dont break through it we could anticipate a entry on the distribution. We will update what we are looking at going forward in the morning.

Comment:

So we see around 6am we came to play into that IT candle we were looking at on the 4HR and rejected nicely and could have had a quick 1;5 set up but personally was doing my morning routine before getting on the charts at the time, but from here i see we may anticipate for us to still come into the 50% of this IT candle as we see in the chart i have above on the 1HR we have a imbalance that still has not gotten filled yet so we could anticipate for us to fake out and come back to this area or we may just dump here but we know our POIs and where we are looking for evidence to enter its just being patient now.

Comment:

GU has been somewhat bullish today and from here we approached a IT candle on the 4hr where we could anticipate to see rejection, but we may blow thru it and for me to get a entry matching my trading plan it would have to be the next POI which is possibly we could come to, we could take an entry off the point of interest we are playing into now as this could just be that redistrinution before we head down to fill the imbalance but its not in my trading times, so we will update in the AM