ZeusChainlink

GBP/USD - 4H Channel - Potential Boundary Test

Alış
OANDA:GBPUSD   İngiliz Sterlini / ABD Doları
Required Daily Process

Part 1 - The Overview
1) Daily IT Bullish / 4H IT Bullish
2) PA making a 2nd test of the Daily resistance zone after rallying off Weekly support.
3) 4H Channel underway. Next target is high side of channel.
4) Monthly Sentiment - Bearish / Weekly Sentiment - Bullish

Part 2 - The Day-2-Day
5) 15M/1H MS has been fairly structured while operating in this channel.
6) Clean retest of yesterday's VA led to a rally. Not expecting another test of the VA during this trading session.
7) Trending VA today, but have not yet seen sell pressure come in. Expecting volume to increase around boundary of channel.
8) Anticipating a ST rejection of boundary to return and test the confluent VA's from the last 3 trading days.
9) Potential confluence with 1H structure 38.2%/50% & VA's. Depending on range boundary holding.

Part 3 - Execution
10) No alerts set.
11) Looking to trade with the trend. No trades at current position. Need to see market react at boundary.
12) Prepared for 38.2%/50% pullback scalp, but will not trade it if a 1H SFP occurs. Want to see the 1H close above highs before the pullback.

Feragatname

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