GBP Futures (6b, sep)
Starting with GBP, we have had a spike on the open of Frankfurt from claimant count numbers, although they were negative, the pound has seen a slight rally pre market, perhaps just providing an opportunity for shorts.
AM TPO - I would like to see a push higher clearing out some liquidity and into the single print at least before considering a swing short. Current market pricing doesn't offer any high probability setups however a high volume push into our area would be the sign of a the short squeeze.
Daily TPO - Similarly the daily chart levels match up with the AM TPO profiles around 1.2740 as an area of interest for shorts. High sell side delta build up around here would be preferrable with a switch in order flow.
15min candlestick chart - This is what the setup would look like, however please note an order like this wouldn't be valid without order flow confirmation
Euro Futures (6e, sep)
AM TPO - morning Profile having retested the bottom of the previous day and found sellers. The probability of a hard drop from here is low, given the lack of liquidity or volume. If we see a sell off we will considering buying into to run higher and clear liquidity first before any further bearish moves happen.
Daily TPO - if we clear the initial balance low and hold with an order flip this would be considered a solid level to take intraday long positions.
15 min candlestick chart - the setup for EURUSD would look like this. Entry confirmation preferred however those setting orders be sure to manage risk effectively.
Trade safe
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