GBP/USD ANALYSIS UPDATE
Updated
Well Price did not react/give us a signal that the Big Institutes are willing to BUY on that daily bullish orderblock however they decided to seek for External Liquidity which is the Previous Month's Low at Price Point 1.3000... When we review our Daily Chart , we noticed that Price have been respectively Trading witin the Descending Channel and it is now approaching the Channels Support which converges with the Weekly Bullish Orderblock with that said now it makes a lot of sense for Market Makers to run those Lows... My second POI is @ 1.2950 which is the Daily & h4 Channels Support at the Weekly Bullish Orderblock , however we don't just blindly execute because the price traded into our POI but we have to get a CONFIRMATION on our lower timeframe that they are now ready to BUY....
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