GBPUSD - 1.27500 Definitely Withstood The Test Of Time!
Updated
To get a better understanding of my take towards GBPUSD, please visit my previous analysis to study why i was so 'gung-ho' about 1.27500.
This is why i love to track the market because whether i am wrong or right, i am able to see the continuous delivery of price action throughout the weeks, months and years!
Thursday was a high-impact day, causing sell stops to be triggered but the day didn't end all 'doom 'n' gloom'.
Price retracted back into the higher timeframe array, in this case, it was the weekly buyside imbalance Sellside inefficiency before this week claimed the lives of many sellers hoping to ride the sweet sweet wave into the abyss.
3-weeks worth of buy stops was triggered but yet, the volume imbalance just shy away from this weeks closure failed.
As mentioned with ES, i would like to see a whipsaw effect, targeting both buy stops and intraday sell stops
1.29854 1st target within my bearish narrative.
1.30037 is where i want price to maintain and respect.
This is why i love to track the market because whether i am wrong or right, i am able to see the continuous delivery of price action throughout the weeks, months and years!
Thursday was a high-impact day, causing sell stops to be triggered but the day didn't end all 'doom 'n' gloom'.
Price retracted back into the higher timeframe array, in this case, it was the weekly buyside imbalance Sellside inefficiency before this week claimed the lives of many sellers hoping to ride the sweet sweet wave into the abyss.
3-weeks worth of buy stops was triggered but yet, the volume imbalance just shy away from this weeks closure failed.
As mentioned with ES, i would like to see a whipsaw effect, targeting both buy stops and intraday sell stops
1.29854 1st target within my bearish narrative.
1.30037 is where i want price to maintain and respect.
Trade closed: stop reached
1.30037 booked but GBP created new weekly highs
This proves you can be right and wrong at the same time!
We go again next week!
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