GBPUSD - Time To Zoom Out And See The Bigger Picture
Looking at GBPUSD on a larger timeframe, cable has been bearish for the past 4 consecutive months with no signs of slowing down.
price action is currently trading in premium territory but with 1.23035 yearly equilibrium looming down below, there's a high probability chance that cable will continue to selloff into a discount.
Over the course of 1 1/2 years, the multi-year equilibrium has been tested 7 times on the monthly timeframe. It's been over 6 months since we have revisited that area, with price reacting from the upper and lower displacement fair value gap as well as the consequent encroachment @ 1.28334 before slowly trickling to the downside. New highs was not created with the wicks and candlebodys which is more signatures in price action.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
price action is currently trading in premium territory but with 1.23035 yearly equilibrium looming down below, there's a high probability chance that cable will continue to selloff into a discount.
Over the course of 1 1/2 years, the multi-year equilibrium has been tested 7 times on the monthly timeframe. It's been over 6 months since we have revisited that area, with price reacting from the upper and lower displacement fair value gap as well as the consequent encroachment @ 1.28334 before slowly trickling to the downside. New highs was not created with the wicks and candlebodys which is more signatures in price action.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Trade active:
Refer to my minds for updates on cable intraday
