EURO Futures (6E, June)
Weekly TPO - rejecting from high vol node inside previous weeks VAH just above, as long as this level holds the bias remains bearish selling into rallies as per AMT.
Daily TPO - Naked daily POC (yellow) aligns nicely inside the weekly value, therefore adding confirmation to the bearish bias.
AM TPO - we have the potential for a short term bounce in EURO from the naked POC and VAH just below, hopefully acting as some type of support to take this pair higher in the short term opening up opportunities to sell.
EURUSD candlestick chart - this is an idea of what I would like to see develop, first short positions with the intention of medium term longs, therefore we will await an opportunity to firstly short and take the market as it comes when it comes.
GBP futures (6B , June)
Weekly TPO - Previous untapped VAH holding as resistance overnight giving us a bearish bias as per AMT.
Daily TPO - intentions unclear but I would consider a short term long position from Daily POC as it aligns with AM session POC also.
AM TPO - Not in a good area to trade right now, a further dip could warrant long positions given order flow confirmation.
GBPUSD candlestick - intentions unclear however strong support marked below where the market could bounce from, would prefer confirmation on the FP rather an entry on tap.
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