GBPUSD: Continuation of Momentary Bullish Order-Flow!
Updated
Greetings Traders!
Current Market Analysis:
At the moment, GBPUSD is showing bullish momentum, particularly on the smaller timeframes. This is due to the inefficiency (liquidity void) present before the H4 bearish order block. The market strives for efficiency, and thus returns to fill these inefficiencies over time. I anticipate a continuation towards the H4 bearish order block.
Key Observations:
Target Levels:
Trading Strategy:
Conclusion:
By understanding the momentary bullish institutional order flow and leveraging key support and resistance levels, we can anticipate and execute trades on GBPUSD effectively. The confluence of the H4 mitigation block and H1 bullish order block provides a robust support zone, guiding our strategy towards profitable buying opportunities.
For a comprehensive understanding of why I have been looking for a bullish draw this week on GBPUSD, please follow this link to a detailed post.
Happy Trading,
The_Architect
Current Market Analysis:
At the moment, GBPUSD is showing bullish momentum, particularly on the smaller timeframes. This is due to the inefficiency (liquidity void) present before the H4 bearish order block. The market strives for efficiency, and thus returns to fill these inefficiencies over time. I anticipate a continuation towards the H4 bearish order block.
Key Observations:
- Confluence Factors: The H4 mitigation block is aligned with the H1 bullish order block, creating a strong institutional support zone. This alignment supports a risked entry towards the upside.
- Risked & Confirmation Entry Strategy: I will take a risked entry on the H1 order block, However if the price takes out the H1 sell stops, I will consider a confirmation entry towards the upside.
Target Levels:
- Engineered Trendline Liquidity: The price has created trendline liquidity, which we expect the market to absorb.
- H4 Bearish Order Block: The main target is the H4 bearish order block, a strong draw due to the liquidity void present before it.
Trading Strategy:
- Institutional Support Zone: Entering at the institutional support zone provided by the H4 mitigation block and H1 bullish order block alignment offers a strategic buying opportunity.
- Upside Targets: The primary targets are the engineered trendline liquidity and the H4 bearish order block. These targets are in line with the bullish draw on liquidity.
Conclusion:
By understanding the momentary bullish institutional order flow and leveraging key support and resistance levels, we can anticipate and execute trades on GBPUSD effectively. The confluence of the H4 mitigation block and H1 bullish order block provides a robust support zone, guiding our strategy towards profitable buying opportunities.
For a comprehensive understanding of why I have been looking for a bullish draw this week on GBPUSD, please follow this link to a detailed post.
Happy Trading,
The_Architect
Trade closed: stop reached
First Attempt Failed!Comment: Since the sell stops have been swept, now we can look for a confirmation entry towards the upside.
Refer:
Best Regards,
The_Architect
Trade closed: stop reached
2nd Attempt Failed!Comment: I have lost 2% today, therefore I am done trading for the day.
Refer:
Happy Trading,
The_Architect
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