GBPUSD Bullish Until... -JordyDaddyFX
There is liquidity sitting above the highs see how there's a triple top.
rice can go ahead and sweep those highs off if DXY will continue to be bearish.
Until then my BIAS on DXY remains BULLISH.
I will buy off on the 1H chart when it touches the OB or fills in the FVG by it.
I will take partials but keep in mind price won't likely go to those highs if DXY will become bullish.
PROTECT YOUR PROFITS BY TAKING PARTIALS!
I cant stress this enough if your bias is wrong to where TP and you take partials at least you got paid for being wrong! :)
Cheers until then,
GLGT
Ictorderblock
GBPNOKFOREXCOM:GBPNOK
I will continue to post thought -out analysis.
1) The outcome candle (purple candle) liquidity grab on a retail pattern printed by smart money.
2)Outcome candle falls between the green zone (.786 - .886 Fib levels from the weekly bearish candle)
3)Take profits below a retail support level
4) 8:1 ratio trade