WE Have A Good RETRACEMENT In This LONG BEARISH TREND ON ECAD. Price is still bearish
POUNDS REACHED A LONG TIME AND STRONG HIGH. AND WE CAN SEE A CLEAR REJECTION ON WEEKLY AND DAILY TF. A BIG TIME FALL IS POSSIBLE ON CABLW THIS NEW WEEK. WATCH OUT...
we can see price clear the previouse liquidity area and now mitigate our OB . this also alligned with the cypher pattern.
GBPUSD IS STILL A BULLISH TREND, BUT AFTER CLEARING THE LIQUIDITY, WE HAVE A PULLBACK HAPPENING, WHICH IS OBEYING THE CHANNEL, AND ALSO GOING TO CLOSE INSTITUTIONAL OPEN SELL TRADE WHICH ALIGNED AS ANOTHER LIQUIDITY POINT. WE LOOK FOR A GOOD ENTRY TO SELL AND RIDE TILL IT GETS TO OUR BUY LIMIT ORDER.
After clearing all highs by institutional traders , i see a clear picture on monthly tf, for a long time short