I am observing potential selling pressure on GBPUSD, I anticipate that price will avoid reaching the high established at the Daily Order Block, given its evolution into a significant High Resistance Liquidity Point, with no additional liquidity present above it.
As we approach the extreme H1 Order Block, it may serve as a Potential High Resistance High. Hence, my anticipation is to avoid reaching that high.
The objective of targeting the Daily Sell Stops located below the engineered liquidity.
Kind Regards,
The_Architect
As we approach the extreme H1 Order Block, it may serve as a Potential High Resistance High. Hence, my anticipation is to avoid reaching that high.
The objective of targeting the Daily Sell Stops located below the engineered liquidity.
Kind Regards,
The_Architect
Note
It may seem like the sell is less likely to occur at this moment, because the DXY is extremely bearish at the moment. I will draw up a conclusion possibly later on today or tomorrow. Due to the fact that we are in an unclear state at the moment.Refer DXY
Refer GBPUSD]
Kind Regrads,
The_Architect
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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.