GU - Weekly Timeframe Analysis (ICT)
Based on my DXY analysis, I will be expecting lower prices on GBPUSD.
I see a potential short opportunity presenting itself when/if prices retraces back into the 2-Week iFVG/Bisi, using the Monthly Reclaimed Orderblock and Breaker Block as resistance. Only thing I will be wary of is price tapping above the previous week's high before displacing lower, targeting the 2-Week Bisi and NWOG below. With the high-impact news drivers this week, it is my assumption that it will happen with speed.
I see a potential short opportunity presenting itself when/if prices retraces back into the 2-Week iFVG/Bisi, using the Monthly Reclaimed Orderblock and Breaker Block as resistance. Only thing I will be wary of is price tapping above the previous week's high before displacing lower, targeting the 2-Week Bisi and NWOG below. With the high-impact news drivers this week, it is my assumption that it will happen with speed.
Note
Going as plannedNote
Ah, so predictable.
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R2F Trading
Private Coaching Available
road2fundedtrading.com
Telegram: @Road2Funded
Discord: @pippilongshorting
Private Coaching Available
road2fundedtrading.com
Telegram: @Road2Funded
Discord: @pippilongshorting
Related publications
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.