GBPUSDThe last day of the week presents a very interesting day at a technical level and at a fundamental level for London time. According to my analysis, there is a bullish London with a reversal in NY.
My main premise is: "I'm not predicting what the price will do, but rather what the reaction will be to what it shows me."
Precisiontrading
GBPUSDIn general terms, I can see that the price is in a bearish channel, accumulating a large part of the supply and inducing it to continue selling. I stick with my plan to sell until my psychological point of 1.27772 since in a week that is my breakout of the BOS. Once I get that liquidity point I will be very attentive since it is a greater induction therefore I will take advantage of all that offer and I will join the sharks to buy and take my part. But since the market is present today, it is giving me a beautiful sales opportunity.
DXY Analysis Sunday 5/10/2020US Dollar Index could possibly play off the zone of Interest (Box Area); I use the Dollar Index as an indicator for my entries on Forex pairs; Positive and Negative correlation relationships. If DXY confirms on to the upside on lower time frame fractal the AUDUSD-NZDUSD will confirm to the downside at the same TIME on lower time frame Fractals. Which in part have a Negative Correlation with GBPNZD-GBPAUD. Inter-Market Arbitrage.