Hello Guys,
GBPUSD is currently at a strong monthly supply zone and the price has just swept a weekly buy-side liquidity pool so it is fair to expect GBPUSD to short. However, I would like to see this pair open on Monday and go bullish to tap into a monthly FVG. If this happens as marked on my chart, I would have full confidence to be looking for a setup to take a short trade all the way to 1.2450.
As you can see, I have also marked out all the sell-side liquidity pools that price on its way down will hunt.
To add more confidence to this setup, the dollar index is in a demand zone and if that zone will hold, we should see GBPUSD go bearish.
Here is my analysis of the dollar index
Let me know what you think in the comments.
Cheers,
David
GBPUSD is currently at a strong monthly supply zone and the price has just swept a weekly buy-side liquidity pool so it is fair to expect GBPUSD to short. However, I would like to see this pair open on Monday and go bullish to tap into a monthly FVG. If this happens as marked on my chart, I would have full confidence to be looking for a setup to take a short trade all the way to 1.2450.
As you can see, I have also marked out all the sell-side liquidity pools that price on its way down will hunt.
To add more confidence to this setup, the dollar index is in a demand zone and if that zone will hold, we should see GBPUSD go bearish.
Here is my analysis of the dollar index
Let me know what you think in the comments.
Cheers,
David
