GBPUSD: Bearish Intraday Trade Opportunity

Greetings Traders!

Current Market Analysis:

At the moment, GBPUSD is exhibiting a clear bearish institutional order flow. Our primary focus is to identify selling opportunities that align with this narrative. Here’s how we plan to approach the market today:

Key Observations:

Institutional Order Flow: We are entirely bearish, so our strategy is to find sell opportunities in premium price zones and aim to book profits at further discounted prices.
Premium and Discount Tool: Utilizing this tool, we have identified a premium array, specifically the M15 bearish order block, as our point of interest (POI). This is where we will be looking to initiate a sell trade.

Trading Strategy:

Entry Point: I will wait for the price to reach the identified M15 bearish order block. This POI represents a premium price level where we anticipate a strong selling opportunity.
Target: The primary target is the daily fair value gap. This is where we aim to book our profits, capitalizing on the bearish momentum.

Contingency Plan:

Reactive Trading: If the price does not reach the POI, I will adapt to the market's movements and make decisions based on the unfolding price action.
Invalidation Level: If the price breaks above the 1.26928 high, it may indicate a temporary shift in the internal structure to bullish. In this case, we will reassess our strategy accordingly.

Happy Trading,
The_Architect

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The_Archi-tect

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The_Archi-tect

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