GBPUSD 🌍
The macro narrative heading into the later half of the week is completely dominated by the upcoming heavy-hitting U.S. data tier, specifically Core Retail Sales, the Philly Fed Manufacturing Index, and the Unemployment Claims prints 🏦. Interestingly, general online sentiment is heavily leaning bearish due to how overextended the pair looks after the recent explosive rally, suggesting a potential retail liquidity hunt before the real institutional move can develop. The market chatter suggests that many participants are looking to aggressively short the top, but my view is that we are simply setting up the engineering for a deep liquidity grab before a much higher continuation, provided the upcoming U.S. consumer resilience metrics don't completely throw a wrench into the gears.
We are seeing a highly aggressive, bullish market structure on the 30-minute chart following successive descending parallel channels that broke out via strong structural expansions 📈. The technical layout shows a textbook Wyckoffian markup phase that has left behind massive inefficiency, while widespread community chatter is calling for an immediate top, which tells me retail is likely being trapped into premature short positions. While the current price is pressing against local distribution highs near 1.35346, the retail consensus completely contradicts the dominant higher timeframe trend, meaning we want to wait for the late buyers to get thoroughly swept out during a deep retrace sequence.
Key Zone: The primary point of interest is the major confluence sitting between the structural support line at 1.34285 and the high-volume node visible on the profile right below it near the red POC line at 1.33961 📉. This represents the high-value area of the previous balance block, where the market spent considerable time before the current discovery phase took off.
We are currently trading at the absolute top of the immediate weekly range, and chasing the market at these elevated prints is a sub-optimal play. I am watching for a structural run on liquidity to sweep the late buyers I'm seeing across various social forums, pushing price lower into our designated high-volume demand zone 🧹. If the market delivers a corrective markdown into the 1.34285 handle, I am anticipating an accumulation spring to develop, followed by a clear, bullish break of structure and a subsequent retest to validate that the auction value has shifted back in favor of the buyers.
My Trade Plan 🎯
Bias: Neutral to Bullish. I am maintaining strict patience here and refusing to chase this overextended move until a deep value retrace occurs.
Entry Protocol: I will wait for price to descend into the 1.34285 key structural support zone. The trigger requires an intraday liquidity sweep/spring followed by a sharp bullish Break of Structure (BoS) on the lower timeframes, entering exclusively on the subsequent retest of that newly formed value area node. If this specific price action configuration does not manifest, we abandon the idea entirely.
The macro narrative heading into the later half of the week is completely dominated by the upcoming heavy-hitting U.S. data tier, specifically Core Retail Sales, the Philly Fed Manufacturing Index, and the Unemployment Claims prints 🏦. Interestingly, general online sentiment is heavily leaning bearish due to how overextended the pair looks after the recent explosive rally, suggesting a potential retail liquidity hunt before the real institutional move can develop. The market chatter suggests that many participants are looking to aggressively short the top, but my view is that we are simply setting up the engineering for a deep liquidity grab before a much higher continuation, provided the upcoming U.S. consumer resilience metrics don't completely throw a wrench into the gears.
We are seeing a highly aggressive, bullish market structure on the 30-minute chart following successive descending parallel channels that broke out via strong structural expansions 📈. The technical layout shows a textbook Wyckoffian markup phase that has left behind massive inefficiency, while widespread community chatter is calling for an immediate top, which tells me retail is likely being trapped into premature short positions. While the current price is pressing against local distribution highs near 1.35346, the retail consensus completely contradicts the dominant higher timeframe trend, meaning we want to wait for the late buyers to get thoroughly swept out during a deep retrace sequence.
Key Zone: The primary point of interest is the major confluence sitting between the structural support line at 1.34285 and the high-volume node visible on the profile right below it near the red POC line at 1.33961 📉. This represents the high-value area of the previous balance block, where the market spent considerable time before the current discovery phase took off.
We are currently trading at the absolute top of the immediate weekly range, and chasing the market at these elevated prints is a sub-optimal play. I am watching for a structural run on liquidity to sweep the late buyers I'm seeing across various social forums, pushing price lower into our designated high-volume demand zone 🧹. If the market delivers a corrective markdown into the 1.34285 handle, I am anticipating an accumulation spring to develop, followed by a clear, bullish break of structure and a subsequent retest to validate that the auction value has shifted back in favor of the buyers.
My Trade Plan 🎯
Bias: Neutral to Bullish. I am maintaining strict patience here and refusing to chase this overextended move until a deep value retrace occurs.
Entry Protocol: I will wait for price to descend into the 1.34285 key structural support zone. The trigger requires an intraday liquidity sweep/spring followed by a sharp bullish Break of Structure (BoS) on the lower timeframes, entering exclusively on the subsequent retest of that newly formed value area node. If this specific price action configuration does not manifest, we abandon the idea entirely.
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📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
👀 👇🏻 EASY Forex Signals:
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
👉🔗 youtu.be/mxF2qol_hjA
👀 👇🏻Copy my VIP Telegram signals for FREE:
🚀🔗 anthonyfx.com/anthonyfx_copy/
📲 Telegram: t.me/anthonys_forex
💬 Discord: discord.com/invite/PcBeCdwVQq
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.