Euro Futures (6B, June)
AM session TPO - The market is coming into an interesting level as we speak at previous VAH and daily single print. Ideally I would like to see a deeper retracement into London open before shorting.
Daily TPO - could continue bearish from here, higher risk pre London although very little in the daily TPO above this single print, focus will have to remain on the session profile and footprint.
EURUSD candlestick chart
Strong level of resistance that would be a line in the sand for shorts (1.1021 - 1.1030) - if we can break through there then the bearish bias comes into question.
GBP Futures (6B, June)
AM session profile
GBP coming into strong resistance this morning where I would consider this a line in the sand for shorts. If we break through yesterdays profile we will change our bias.
Value area high and line the sand for shorts; 1.2490
Daily TPO
Similar green zone just above Asian range with the same line in the sand at 1.2490 (futures pricing). High probability setup for shorts if we can push a little further, the daily TPO is currently printing a poor low with little movement underneath todays POC (currently a b shape profile).
GBPUSD candlestick chart Coming into our sell zone now - would like to see footprint confirmation however line the sand is clear and bias is strong.
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