On GBPUSD, despite reaching premium prices, there remains a notable liquidity presence above the relatively equal highs, representing Engineered Liquidity. Understanding that the Interbank Price Delivery Algorithm (IPDA) tends to gravitate towards significant liquidity levels to facilitate order pairing, I am inclined towards considering a sell entry only if we take those highs. The target would encompass the Engineered Liquidity (Trendline Liquidity) zone as well as the H4 Sell Stops, aligning with our draw on liquidity.
Anticipate a comprehensive weekly breakdown video analysis on GBPUSD.
Kind Regards,
The_Architect
Anticipate a comprehensive weekly breakdown video analysis on GBPUSD.
Kind Regards,
The_Architect
Note
We may see GBPUSD continue higher as to take the Relatively Equal highs (Engineered Liquidity), in fact I would like to see this as confirmation for sells. So I will be waiting out GBPUSD until either that occurs or I see something else that would allow me to act accordingly.Refer:
Kind Regards,
The_Architect
Trade active
After the Engineered Liquidity has been taken, this is my first entry of the day. However, at 12pm NY Time I will be closing the trade and coming back tomorrow to find another potential sell idea to continue todays sell bias.Refer:
Kind Regards,
The_Architect
Order cancelled
I exited the trade, I'm done trading for the day. Ill come back tomorrow.
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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.