Anticipating Bearish Momentum on GBPUSD
Updated
I am observing potential selling pressure on GBPUSD, I anticipate that price will avoid reaching the high established at the Daily Order Block, given its evolution into a significant High Resistance Liquidity Point, with no additional liquidity present above it.
As we approach the extreme H1 Order Block, it may serve as a Potential High Resistance High. Hence, my anticipation is to avoid reaching that high.
The objective of targeting the Daily Sell Stops located below the engineered liquidity.
Kind Regards,
The_Architect
As we approach the extreme H1 Order Block, it may serve as a Potential High Resistance High. Hence, my anticipation is to avoid reaching that high.
The objective of targeting the Daily Sell Stops located below the engineered liquidity.
Kind Regards,
The_Architect
Comment
It may seem like the sell is less likely to occur at this moment, because the DXY is extremely bearish at the moment. I will draw up a conclusion possibly later on today or tomorrow. Due to the fact that we are in an unclear state at the moment.Refer DXY
Refer GBPUSD]
Kind Regrads,
The_Architect
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