GBP Futures (6b, Sep)
Poor highs have been left behind from the Asian range, we suspect will be taken upon the news release (unemployment claims) at 1.30pm.
Daily TPO - ideal scenario would be for a spike upon the news release to drive the market through the Asian highs offering the opportunity to short (no blind orders). The risk around news releases is that if you want the ideal price from the ideal level, waiting for order flow to switch will probably be too late and the risk reward wont align well.
PM session TPO - this aligns nicely with PM levels on the TPO, 2 x POC and VAH all within the 20 pip range that we are looking to transact.
GBPUSD 15min candlestick chart - this would be an entry example depending on the news flow however if we get the type of market reaction we are expecting then we can look to short from here.
EURO Futures (6e, sep)
Daily TPO - we are currently sitting on a high vol node on the daily TPO, it doesn't offer the same conviction as GBP however the news release around the corner we would like to see the market take the Asian range sweeping liquidity before any potential move lower.
PM session TPO - similarly, the single print on the PM could offer up a good level to trade short.
EURUSD 15min candlestick chart - this is just an idea from what level the market could turn, this is not an order we have set but rather monitor orders as we approach, a rally upon news release fits in line with out GBP ideas however GBP offers more in the way of risk reward and probability.
Trade Safe
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