GBPUSD: Anticipating Continued Bearish Momentum!
Updated
Greetings Traders!
Current Market Analysis:
At present, I anticipate a continued sell-side draw on GBPUSD, targeting the daily fair value gap, which serves as today's draw on liquidity. This area also contains relatively equal lows, which are known to harbor a significant amount of sell stops.
Key Observations:
Trading Strategy:
Target Levels:
Conclusion:
By understanding the prevailing bearish institutional order flow and identifying key resistance zones, we can effectively anticipate and execute trades on GBPUSD. The H1 bearish order block provides a strategic resistance level, supporting our outlook towards continued bearish momentum.
Happy Trading,
The_Architect
Current Market Analysis:
At present, I anticipate a continued sell-side draw on GBPUSD, targeting the daily fair value gap, which serves as today's draw on liquidity. This area also contains relatively equal lows, which are known to harbor a significant amount of sell stops.
Key Observations:
- Trend Continuation: The trend has predominantly been bearish coming into today's price action. Therefore, we anticipate that bearish arrays will continue to maintain the bearish institutional order flow.
- H1 Bearish Order Block: One key array under observation is the H1 bearish order block. I expect this area to hold as a strong resistance zone, guiding the price towards our target area.
Trading Strategy:
- Focus on Bearish Momentum: Given the current market structure, I am focusing on bearish momentum. The H1 bearish order block is anticipated to act as a significant resistance level, facilitating a move towards the daily fair value gap.
Target Levels:
- Daily Fair Value Gap: The primary target is the daily fair value gap, identified as the current draw on liquidity. The presence of relatively equal lows in this area indicates a high concentration of sell stops, making it a strategic target.
Conclusion:
By understanding the prevailing bearish institutional order flow and identifying key resistance zones, we can effectively anticipate and execute trades on GBPUSD. The H1 bearish order block provides a strategic resistance level, supporting our outlook towards continued bearish momentum.
Happy Trading,
The_Architect
Note
TP Hit=2%Objective Reached!
Refer:
Best Regards,
The_Architect
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