Dollar looking like it wants to reach higher for liquidity and that means bearish for GBP/USD i like the 1.2930 level as its the middle of the 4HR Order Block and we have a lot of liquidity below the 1.2840 level
After taking out Friday's high and rejecting multiple candles plus we haven't had any retracements after the expansion last week i'm expecting some selling to occur to the 1.1100 level with maybe a 10 pips sweep below that.
Looking for price to drop below 1.1015 for a long targeting above level. The Dollar looking bearish which is another reason to be bullish foreign currency
Coming into a new trading week i'm looking at buying Foreign Currency and GBP/USD looks like the pair which will have the bigger move going off what EUR/GBP is showing, couple that with the USDX looking weak. Be careful on Wednesday and Thursday we have high impact news for the Dollar and GBP/USD which we will see a lot of manipulation in the market place.
I believe we are taking out the ATH, we might have to fill it the marked area below but i think we will go higher from where we are now.
they will either sweep below first and reject taking out the above equal high and to my level marked 1.2400 or we take out the above level first and make the HOTW and go lower and fill in the area below 1.2290 Try and stay away from trading ECB NFP FOMC .. trust me there plenty of other days to trade. STUDY IT THOUGHT Personally i like the idea of going higher...
Short For EUR/USD Taking of Sell Stops below on HTF
Selling from the OB to below equal lows and a daily level where price will be rebalanced before going higher into the week