GBPUSD to Previous Daily Low. I expect to see GU push lower one more time targeting Fridays low my entry is fading the energetic candle that GU just produced.
I expect GBPUSD to go to previous daily low. I say this because of a swing high that we see being formed on the Daily chart.
GBPUSD still has to trade inside the Daily FVG which is my current Draw on Liquidity and I expect price to trade off of the Hourly bullish FVG, before making any entries i want to see price show willingness to rally higher.
Relative strength analysis suggests that GBPUSD is stronger - we have EURUSD taking out Asian Session Low and GBPUSD failed to take out it's Asian Lows. In London I hope to see willingness to buy before I long both GBPUSD and EURUSD.
Framing a buy program on TVC:DXY from the 4 Hour key level to external range liquidity. When London Session begins I'll start looking for confirmation that price is willing to respect the Key level and then Long the $Dollar.
Took out sell stops and traded above key level. Want to see if go above previous daily high.