$GBPUSD - Bearish Order Block to attack sell side liquidity *SMT*SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.*
It appears yesterday that that their may have been a sligh break of structure in the GBPUSD Chart. However, thje low it created was on par with another low that was created back in march of 2020, during the pandemic. My studies kead me to believe that the price may rise just above the current highs to enter a fair value gap and as soon as it does we should see the fall of the price to head toward that liquidity zone around 1.14
AS PICTURED HERE
I HOPE thi was simple enought to understand.
OANDA:GBPUSD
