Weekly Review (Aug 17–21): FX, Gold & S&PWeekly review for August 17–21. Not signals, just how I read the tape with the Conflux Method: structure (Reaction Levels), order flow (cluster / delta) and options data.
Context: last week was thin, almost everything flat. The CPI stayed put, so no decline, which means September could easily come
Compare with GBP/USD Futures
British Pound Futures: Failed Rebound Can Pressure SterlingSterling is no longer trading with the same squeeze support it had earlier in the move. The first short-covering impulse has faded, retail shorts have reduced exposure, and spot GBP/USD is now dependent on whether rebounds can reclaim the 1.3488/1.3500 area.
Where the edge is
The edge is conditio
GBPUSD Long
GBPUSD BUY market : 1.3448
Stop Loss: 1.3425
Remove risk/Partials @ : 1.3480
Take profit: 1.3494
Trade Plan: Long
Bias: BULLISH short term.
Entry reason: Price has test key TPO area. The short-term valuation tool also shows temporarily undervalued against the main index
Stop Loss: Below nea
GBPUSD Short
GBPUSD SELL market : 1.3507
Stop Loss: 1.3527
Remove risk/Partials @ : 1.3488
Take profit: 1.3475
Trade Plan: Short
Bias: BEARISH short term.
Entry reason: Price has tested key TPO area. The short-term valuation tool also shows temporarily overvalued against the index
Stop Loss: Above neares
GBPUSD Short
GBPUSD SELL MARKET ORDER : 1.3536
Stop Loss: 1.3573
Remove risk/Partials @ : 1.3501
Take profit: 1.3462
Trade Plan: Short
Bias: BEARISH short term.
Entry reason: Price has tested key TPO area. The short-term valuation tool also shows temporarily overvalued against the index
Stop Loss: Above
6B: Sterling Pullback Can Reload the SqueezeThe British pound retains a bullish directional bias, but Wednesday’s surge has reached a nine-week high and is increasingly stretched. The better opportunity is to buy a controlled pullback in 6B rather than chase the current extension.
Where the edge is
Political developments triggered active s
GBPUSD Long
GBPUSD BUY LIMIT ORDER : 1.3394
Stop Loss: 1.3373
Remove risk/Partials @ : 1.3415
Take profit: 1.3420
Trade Plan: Long
Bias: BULLISH short term.
Entry reason: Price has tested key TPO area. The short-term valuation tool also shows temporarily undervalued against the index
Stop Loss: Below n
GBPUSD Long
GBPUSD BUY market : 1.3367
Stop Loss: 1.3347
Remove risk/Partials @ : 1.3389
Take profit: 1.3392
Trade Plan: Long
Bias: BULLISH short term.
Entry reason: Price will most likely test low TPO area. The area also got a price action gap for confluence.
Stop Loss: Below nearest low.
First target:
GBPUSD Long
GBPUSD BUY LIMIT ORDER : 1.33440
Stop Loss: 1.33240
Remove risk/Partials @ : 1.33690
Take profit: 1.33740
Trade Plan: Long
Bias: BULLISH short term.
Entry reason: Price will most likely test low TPO area. The area also got a price action gap for confluence.
Stop Loss: Below nearest low.
Firs
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.









