The bearish trend persists as price clears key liquidity levels, including the 4-hour buy-side imbalance (BISI) at 1.29675. Additionally, price filled an imbalance at the 1-hour sell-side imbalance (SIBI), further solidifying the bearish narrative. Price appears to target the 1-hour imbalance at 1.29505 for potential rebalancing. After retracing into the 15-minute...
Key Observations: Asian High: Swept during the London session. Weak High @1.29464: Expected liquidity sweep before heading lower. First Target: Asian Low with a low-resistance liquidity run @1.2976. Second Target: Today’s open @1.29170. Ultimate Target: Price @1.29111. Points of Interest (POI): 1-Hour SIBI (Sell-Side Imbalance and Buy-Side Inefficiency):...
Price Movement: The price opened and traded lower during the Asian and London sessions, tapping into a 1-hour order block (1.29434) and a 15-minute fair value gap (FVG). Key Levels: London Low Liquidity: 1.29415 1-Hour Order Block: 1.29434 15-Minute BISI Consequent Encroachment: 1.29394 Targets: Asian Highs: 1.29740 CPI High: 1.29870 Economic Indicators:...
Last Week's Record Surge: The British pound experienced a significant surge last week, driven by weak U.S. economic data and increased expectations of Federal Reserve rate cuts. The pound's strength was further supported by positive economic reports from the UK and the Eurozone. The British pound has been performing well, mainly due to the weakness in the U.S....
The Euro has been making significant moves, driven by uncertainties in the US tariffs positions, the strength in Euro bonds, and the EU's commitment to increased defense spending. The Pound is also benefiting from these developments. Currently, the price is moving steadily on the DXY. With ECB President Christine Lagarde speaking, it's advisable to focus on...
Monthly View: The February monthly candle closed bullish, remaining within the Buy Side Imbalance (BISI) formed in November, which is still being respected. Liquidity was swept in January, indicating that price is still being magnetized towards the imbalance and the level of 1.2800. I anticipate that price might trade below the monthly close before making an...
Price Action Overview: Price broke out lower after sweeping Monday and Tuesday's high. President Trump's speech discussed a 25% tariff on EU exports to the US and uncertainties in the UK. This led to a stronger dollar, breaking the perceived Tuesday weekly low and making Wednesday the weekly high above @1.2700. Market Relationships: Trump and UK Prime...
The cable is still showing bullish with dollar concerns on the rates and the pound being stronger at the moment. Last week Monday & Tuesday: Consolidation Wednesday: Downward breakout, filling the imbalance, forming the week's low Thursday: Price rallied higher, taking out buy-side liquidity and ERL @1.2666 Friday: Price traded lower to close the week,...
Today, the GBP/USD price opened and traded lower into a 1-hour Bullish Imbalance (BISI) from yesterday, after sweeping Monday's liquidity. The DXY confirmed this move, with its price tapping into the daily Sell-side Imbalance (SIBI). The GBP/USD took out the Asian session low, and my target is the buy-side liquidity resting above the Asian session high at 1.26776 & 1.27000
Market Overview: Last week, the pound experienced significant gains, driven by stronger than expected UK GDP reports. Despite strong CPI figures, the dollar generally weakened due to Trump's reciprocal tariffs wait. Price Action: Weekly Performance: Price bounced off the weekly iFVG to close higher, taking out previous weekly highs. Imbalances: ...
Fundamental Analysis: NFP Report Impact: On Friday, after the NFP reports, the price spiked higher but then continued to decline, indicating a strong US Dollar compared to the British Pound. BOE Economic Factors: The Pound is struggling with production issues and the recent rate cut by the Bank of England highlights its weakness. In contrast, the Federal...
I’m planning a short trade on GBP/USD based on the following analysis: Monday , This week opened with a gap on monday Wednesday probably created a significant high of the week. Thursday BOE Rate Cuts Impact: The pound weakened on following the rate cuts. Friday today London Session: Price is currently moving higher, looking to fill imbalances and target...
Market Sentiment: The introduction of DeepSeek yesterday led to a loss almost a 1Trillion in the tech industry, which might lead to investments in the dollar as a safe haven. Surprisingly today the tech stocks like nvidia, nasdaq have been recovering today. This might mean it was not exactly a panic sell off but we'll be monitoring the other news releases. ...
Price Action : GBP/USD is currently in a 4-hour Point of Interest (POI) bullish pattern which shows a retracement. London Session took out Asian lows, indicating a strong bullish momentum. SMT divergence with EUR/USD. Entry: 15min fvg balanced @1.2245 Target: Asian highs and the ultimate target is the buyside at 1.23455.
Monthly Timeframe: Price has been bullish after the liquidity sweep. Weekly Timeframe: The weekly candle closed bullish. Asian Session: Lows have been swept, indicating potential bullish momentum. Price Action: Price has reached a POI (4hr, 1hr SIBI), adding more confluence to longs. Entry: @1.24350 Targets: Looking to target Asian session highs and last...
The GBP/USD pair saw a bullish trend yesterday following better-than-expected claimant data. However, today's inflation rate increase to 2.6% from 2.3% has put pressure on the pound With the Federal Reserve expected to lower rates later. Following the bullish Monday and Tuesday days, this means might just show price opened and rallied above last week's close and...
Observation: Price opened and rallied upwards during the London session, potentially creating the high of the day/week. Key Level: Filled the SIBI (Sell Imbalance) on the 15-minute chart. Expectation: Possible reversal targeting the sell-side liquidity at yesterday's low. May also target last week's low for a trade of the week.