GBPUSD AMD FORMATION
The entirety of Q1(January-March) as seen in the chart was held in a consolidation
Now, we are about to enter into a new week, month and also a new Quarter. We should anticipate longs that would manipulate it's way into the Buyside Liquidity and also possibly into the FVG. Therefore, week 1 for month of April might consolidate and week 2 would push price towards the manipulation phase of the Quarter
After that would lead to a distribution that would most likely occur in the 3rd Quarter of the year
Mix all this with the Seasonality tendencies of GPUSD and see that by seasonality, GBPUSD has the tendency to rally
Now, we are about to enter into a new week, month and also a new Quarter. We should anticipate longs that would manipulate it's way into the Buyside Liquidity and also possibly into the FVG. Therefore, week 1 for month of April might consolidate and week 2 would push price towards the manipulation phase of the Quarter
After that would lead to a distribution that would most likely occur in the 3rd Quarter of the year
Mix all this with the Seasonality tendencies of GPUSD and see that by seasonality, GBPUSD has the tendency to rally
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.