I believe the cable (GBP/USD) has potentialally entered a short-medium term sell-off. I expect price to re-trace up to either one of the shaded green areas before cotinuing to fall and seek the pockets of liquidity below the 1.2700/ 1.26500 area highlighted with the red shaded boxes
If we see a phase of market protraction into the London session tomorrow morning, with the market filling the FVG (Fair Value Gap) I will look to enter at the OB (Order Block) with a 40 pip stop just above the OB. I will scale out 2/3 of the position for around 4R at the swing low and leave 1/3 of the position to potentially run into the mid point of the FVG on...
Following Fridays high impact news coming out of the UK, the pair has yet to recover from the weekends hangover, with price making lows not seen since Whitney Houston' Saving All My Love For You was number 1 in the charts!
Price fell sharply during the Asian creating a fair value gap (FVG) which was filled throughout the London open, price continued climb during...
