GBPUSD WEEKLY OUTLOOK
1. Momentum is bearish.
2. Key swing highs have been broken, price was rejected at the equal highs,i think price retraced back to create a swing low, then seek liquidity at the equal highs and trade through the equal highs.
3. Price is seeking liquidity to the Fair Value Gap, coupled with 79% fib level, key level 1.30750.
4. Sentiment is bullish, therefore i am expecting price to trade through the equal lows.
5. I am expecting dollar index to pullback,price is a bearish orderblock which is also a fair value gap.
Note: I will only be looking for shorts on GU this week, while submitting to OTE(time and price)
2. Key swing highs have been broken, price was rejected at the equal highs,i think price retraced back to create a swing low, then seek liquidity at the equal highs and trade through the equal highs.
3. Price is seeking liquidity to the Fair Value Gap, coupled with 79% fib level, key level 1.30750.
4. Sentiment is bullish, therefore i am expecting price to trade through the equal lows.
5. I am expecting dollar index to pullback,price is a bearish orderblock which is also a fair value gap.
Note: I will only be looking for shorts on GU this week, while submitting to OTE(time and price)
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