GBPUSD: Exploring Potential Sell Opportunity
Updated
Currently, GBPUSD has successfully navigated through an m15 Order Block, prompting my focus on a draw towards the H1 Discount Sell Stops. Given GBPUSD's bearish institutional order flow on higher timeframes, I anticipate key bearish price discovery arrays, like Order Blocks, to exert downward pressure on prices.
Furthermore, discount prices feature relatively equal lows acting as engineered liquidity, serving as a compelling draw for price movement.
I've entered a confirmation entry off the Order Block to capitalize on these dynamics.
Kind Regards,
The_Architect
Furthermore, discount prices feature relatively equal lows acting as engineered liquidity, serving as a compelling draw for price movement.
I've entered a confirmation entry off the Order Block to capitalize on these dynamics.
Kind Regards,
The_Architect
Trade closed: stop reached
SL HitComment: I will wait for more clarity before going into the market.
Refer:
Kind Regards,
The_Architect
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