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
Trade active
Note
Scenario 2 in play.Below is an updated idea on GBPUSD
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▶ FREE Telegram Channel - t.me/algotradinggroup
▶ Website - algotradinggroup.net
▶ FTMO Pass Results - t.me/FTMOResults
▶ Weekly Signals Reports - t.me/weeklypips
▶ Weekly Profits - t.me/ATGProfits
▶ Website - algotradinggroup.net
▶ FTMO Pass Results - t.me/FTMOResults
▶ Weekly Signals Reports - t.me/weeklypips
▶ Weekly Profits - t.me/ATGProfits
Related publications
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.