GBP Futures (6B, June)
We are currently trading back inside yesterdays AM session TPO with the aim of re testing the top (green box, fig.1), if bears were to continue with this move I would need to see the value area hold and as such the green zone which represents AM naked POC, high vol node and VAH.
Line in the sand for shorts (futures pricing): 1.2450
AM session TPO
The AM sell zone aligns nicely with the daily VAH, which as per AMT (auction market theory) needs to hold for the market to move lower.
Daily TPO
GBPUSD candlestick chart (fig.3) - potential setup, would like to see absorption on the footprint to confirm a shift
EURO futures (6E, June)
The first point of interest would this green zone highlighted around the AM VAL and high VOL node. If this were to break, I would be looking slightly higher for another short opportunity, although I would like to see FP and order flow confirm (1min BOS would work also) around this level, as per AMT, price should move lower.
Line in the sand for shorts (futures pricing) 1.1035
AM session TPO
Daily TPO
EURUSD candlestick chart
Comments