GBP/USD on a monthly timeframe is bullish but price has not yet broken the major lower high.
ON the weekly timeframe price is also bullish{ highs are been taken out}
ON the daily price is above the 200 moving average, which means the trend is also bullish.
the 4HR timeframe price is stuck in a box, ie it is currently ranging which signifies that the market makers are yet to decide which order flow they are going to move yet.
As an order flow trader, this current market is not good for entry because we may see a massive push to the upside or downside. where ever these big players decide to push the price, a break of this range/consolidation will give us our directional price to spot their footprints and look for entries to ride the trend with them.
If you love this free analysis on GBP/USD, leave us a like and comment your own thoughts about this pair
ON the weekly timeframe price is also bullish{ highs are been taken out}
ON the daily price is above the 200 moving average, which means the trend is also bullish.
the 4HR timeframe price is stuck in a box, ie it is currently ranging which signifies that the market makers are yet to decide which order flow they are going to move yet.
As an order flow trader, this current market is not good for entry because we may see a massive push to the upside or downside. where ever these big players decide to push the price, a break of this range/consolidation will give us our directional price to spot their footprints and look for entries to ride the trend with them.
If you love this free analysis on GBP/USD, leave us a like and comment your own thoughts about this pair