Dear, Readers.
My analysis is completely based of market strucutre. The ticker has been making consecutive higher highs this was confirmed after a market shift when price broke and closed above 1.99 on the daily time frame. Now this does not completely confirm a bullish trend. When price broke above 2.09 high this confirmed that we have made that bullish shift...
Bearish continuation after multiple confluences.
First I will touch on market structure the daily time frame shows that we are making lower lows and potentially making a new leg down.
Secondly price retraced to discounted level at the .7400 level. Where on the the 4hr we had a few liquidity sweeps of sell side liquidity just before the change of character that...
GBPUSD has been a rollercoaster with the elections going on. Market starting to stabilize and I reckon its time to short the pair on the pull back, see how it bounced off the VWAP. Beautiful execution
This pair has been consolidating on the 1 hr where I based my analysis of off. You can trade the reversal, catch a quick few pips. Wait for conformation to pull the trigger. Do your own analysis!! Let me know if you differ.
Patience is Key!
