GBPUSD: Potential resistance at daily supply or liquidity sweep
Updated
H2 has been moving to the upside aggressively over the past few days. Which means there will be a lot of traders going long. In order for this run to continue there needs to be a pullback to take out stops and fuel the next set of order.
The 2 options I have called out on the chart are the most possible from my framework and viewpoint.
When the pullback happens I will be looking at the M15 orderflow to take advantage of the move back to discount prices.
The 2 options I have called out on the chart are the most possible from my framework and viewpoint.
When the pullback happens I will be looking at the M15 orderflow to take advantage of the move back to discount prices.
Note
Option #2 seems to be playing out. Im going to be looking at the M15 OF to see if it presents any opportunities to go short. Tomorrow being Friday people may want to pull money out of the market so we could get a little PA.
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