GBPUSD DOUBLE TOP LIQUDITY CONFIRMED BY BANKS
Updated
Banks have engineering Liquidity above the double top on GBPUSD.
This gives us an idea that GU in future would break above this double top to take all the liquidity sitting above the double tops and then drop. This is shown as Scenario 2 in the chart.
Alternatively, price can start dropping from here and clear sell side liquidity first and then clear the liqudity above Double tops. This is scenario 1
Moreover, price is currently at the premium
This gives us an idea that GU in future would break above this double top to take all the liquidity sitting above the double tops and then drop. This is shown as Scenario 2 in the chart.
Alternatively, price can start dropping from here and clear sell side liquidity first and then clear the liqudity above Double tops. This is scenario 1
Moreover, price is currently at the premium
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Note
Scenario 2 in play.Below is an updated idea on GBPUSD
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