POUND/DOLLAR - BIG MONEY FLOW TO THE UPSIDE (DOLLAR PRINTING)Technical Overview: - GBP/USD
Check out our previous posted analysis
As mentioned last week, we had seen the bullish momentum take us to our first selling target.
It is now where we can see sell pressure take us down to potentially take us down to oversold areas where we would be looking to take buys
Ideally, the lower buy zone is where we would love to see price trade into, but would need to be mindful of the first buy opportunity as a potential intra-day potential
We had been calling longs on this pair for a while and while we have reached all of our buy targets, from a HTF perspective price remains bullish and still shows sings of continuation from a larger structure to our first major sells located above coming from a weekly time frame level.
We marked potential buy zones the lower being the better, due to our strategy, we can look to trade longs in both zones and exit as intraday
Price can react off the first buy zone and intraday long then follow up and go lower the next day, that's why an intraday strategy must be in place.
HTF suggests downside but the outer structure remains bullish targeting last highs created few weeks back.
Stimulus been officially passed this means more printing of the Dollar, which fundamentally means more bearishness
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Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
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Trade with the manipulation👾
