GBP Futures (6B, Sep)
DAILY TPO - The only way we will be able to take advantage of any long positions on GBP this morning is if we get a high volume sell into our areas marked out sweeping some of the lows and perhaps even the Asian low. Otherwise trying to catch the market grinding higher with little pullbacks is risky, the R:R ratio doesn't align well as the market isn't reacting from solid support.
AM TPO - Similarly, previous day VAH is resting at a similar level as the Daily POC therefore the same theory applies.
GBPUSD candlestick chart - still running in profit from the previous day, looking for higher targets in the first instance. Any pullback during todays session would provide opportunity to scale in as per the idea shown below.
EURO (6E, Sep)
Daily TPO - Similarly to GBP, we would prefer to see a raid of previous days lows, including the Asian low, before considering long positions. The risk reward ratio does not align well for the time being.
AM TPO - Naked poc looks like the obvious and cleanest support level this morning therefore we would base our decisions around this.
15min candlestick chart - EURUSD, we are still awaiting the same entry as yesterdays hypo (the only place we would consider a long on EURUSD).
Trade Safe.
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