There is a huge imbalance that needs to be filled and I can see an order block has been fulfilled. Checking the day chart, I can see a down trend for extra confirmation.
I can see some Wyckoff Accumulation being taken place and a lot of juicy liquidity spots up for grabs!
It has broken consolidation box. So I am waiting for a closure of the candle to see if I will be carrying this trade.
Depending on the closure of the candlestick, I will place a trade if I see that the candle aligns and gives me confidence in this trade set up to place a position.
I believe the GBPUSD will go for a short because I can see a downtrend. It will hit the 1.28 zones then bounce down to the 1.26 zones.
I believe this will break the consolidation zone and hit towards a long towards the 1.81 zones. In addition to this, the EMA is aligning with my analysis.
I believe this pair will go for a 'Long' because it has rejected the support line multiple times in the 1.91 zones. I think it will bounce back up to the weekly resistance zone of 2.05. I am seeking a sniper trade from this> very low risk and big reward.
It broke the consolidation box and is pushing towards the 1.81 zones
I believe EURGBP will break the consolidation box and proceed to a downtrend to the weekly support line . This is because the price has extended to a new zone which has hit a couple of times in the past, in addition, the price tried breaking the 0.93 barriers however it was pushed back down. Comment down below what you believe will happen...