Looking for two scenarios to play out here on GBPUSD this week. I do like the supply area marked by the risk entry. The only reason I see this failing is all the liquidity above it. I would need to see a confirmation at this zone for LTF sells. If price blows through this zone I see it filling the imbalances above and mitigating buy-to-sell orders. I Will look for shorts in the highlighted low-risk entry zone.
Can easily take buys up to targets as well. Will update as things get moving.
Can easily take buys up to targets as well. Will update as things get moving.
Comment:
Price has entered the risk entry supply zone. No trades were taken yet.