This is a British Pound/US Dollar update from the Weekly perspective.
Price Action made it's way into new territory with these new lows. Seeing that it has now breached a HTF Order Block I'll take that as a precursor for what's to come in the near future since it take a lot of momentum to breakthrough these huge liquidity zones. I'm interested in seeing how this Monthly candle will close at the end of March.
I do believe we'll see a rally in price. When? Who knows, but stay ready.
I would look for continuations to the downside since the bears are currently in charge, and a rally up can just be a setup to head further down. We shall see.
Price Action made it's way into new territory with these new lows. Seeing that it has now breached a HTF Order Block I'll take that as a precursor for what's to come in the near future since it take a lot of momentum to breakthrough these huge liquidity zones. I'm interested in seeing how this Monthly candle will close at the end of March.
I do believe we'll see a rally in price. When? Who knows, but stay ready.
I would look for continuations to the downside since the bears are currently in charge, and a rally up can just be a setup to head further down. We shall see.