GBPUSD: Potential London Session Sell Idea

Short

British Pound / U.S. Dollar (OANDA:GBPUSD)

Updated

OANDA:GBPUSD British Pound / U.S. Dollar

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I am currently considering a potential GBPUSD selling opportunity. Presently, we find ourselves at an extreme M15 Order Block, characterized by premium prices, which has facilitated the filling of the liquidity void. Furthermore, we have observed the development of trendline liquidity, also known as Engineered Liquidity, on the sell side, which we aim to exploit. The overall market sentiment appears bearish for GBPUSD, suggesting a potential movement towards the H1 Sell Stops, representing our liquidity draw.

I will be monitoring the M15 buy stops, particularly the Asian High, with the expectation that the London Session may manipulate the high to establish the peak of the day, providing an opportunity to trade against it.

Stay tuned for a comprehensive weekly overview analysis on GBPUSD.

Kind Regards,
The_Architect

Comment:

I have not yet received an Entry Confirmation for Sells, in which price may go further up to take the H1 Buy Stops before us having to see selling pressure step in.

Refer:

Kind Regards,
The_Architect

Comment:

We may see GBPUSD continue higher as to take the Relatively Equal highs (Engineered Liquidity), in fact I would like to see this as confirmation for sells. So I will be waiting out GBPUSD until either that occurs or I see something else that would allow me to act accordingly.

Refer:

Kind Regards,
The_Architect

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