GBPUSD Sell Idea: Anticipating Further Bearish Movement
Greetings Traders!
Currently, GBPUSD exhibits strong bearish sentiment, marked by consistent draws on liquidity to the downside. We've recently retraced to a point of efficiency, effectively covering the inefficient price movements from the previous volatile downside move.
Notably, we've interacted with a m15 bearish order block, with price action confirming a market structure shift to the downside. Consequently, I'm closely monitoring the potential draw back into the current m15 order block, anticipating further bearish movement towards the H4 Sell Stops.
Stay tuned for updates as the situation unfolds.
Kind Regards,
The_Architect
Currently, GBPUSD exhibits strong bearish sentiment, marked by consistent draws on liquidity to the downside. We've recently retraced to a point of efficiency, effectively covering the inefficient price movements from the previous volatile downside move.
Notably, we've interacted with a m15 bearish order block, with price action confirming a market structure shift to the downside. Consequently, I'm closely monitoring the potential draw back into the current m15 order block, anticipating further bearish movement towards the H4 Sell Stops.
Stay tuned for updates as the situation unfolds.
Kind Regards,
The_Architect
Order cancelled:
The idea was not confirmed, the possible approach is to see price draw to the Daily Order Block to the upside.
Refer:
Kind Regards,
The_Architect
Refer:
Kind Regards,
The_Architect