CPI (GBP) Potential Sellside Draw GBPUSD
Updated
The CPI (GBP) is going to be released at 02:00 NY Time today and what I am anticipating is firstly a push into the H4 FVG which on the H1 will result in a Turtle Soup (False Break of Structure). The Key is to note that with draw we move from External Liquidity (Highs/Lows) to Internal Liquidity (FVG's) and versa. If the rebalance does not occur I will react accordingly.
After the H4 FVG is rebalanced I am anticipating a High Volatility Draw to the Daily Sell Stops. In fact what is very important to note is that IPDA (Interbank Price Delivery Algorithm) is running a bit late and the Daily Price 1.23740 has to be reached within the next 12 Days.
Concerning the Long Term Sellside Narrative, refer to my GBPUSD Long-term Draw analysis below.
King Regards,
The_Archi-tect
After the H4 FVG is rebalanced I am anticipating a High Volatility Draw to the Daily Sell Stops. In fact what is very important to note is that IPDA (Interbank Price Delivery Algorithm) is running a bit late and the Daily Price 1.23740 has to be reached within the next 12 Days.
Concerning the Long Term Sellside Narrative, refer to my GBPUSD Long-term Draw analysis below.
King Regards,
The_Archi-tect
Note
CPI Proved to be negative on the GBP, hence proving the analysis to be correct. I anticipate further Sellside Volatility to enter the market for the rest of the week.
Kind Regards,
The_Archi-tect
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.