Potential EURGBP Sell Idea Analysis

Amidst the current consolidation of DXY, my focus shifts towards the exotic pair EURGBP. Exotic pairs tend to exhibit heightened volatility during periods of DXY consolidation.

I anticipate EURGBP to fill the Liquidity Void on the H4 Timeframe by mitigating the H4 Order Block. My trading strategy involves waiting for confirmation during the London session to initiate sell trades, with targets set on the Daily Sell Stops and/or the H4 Discount FVG.

It's noteworthy that our approach involves transitioning from External Liquidity to Internal Liquidity. As evidenced on the Daily Timeframe, we've already filled a Daily FVG, prompting our focus on External Liquidity, specifically the Daily Sell Stops.

Kind Regards,
The_Architect

Comment:

I'm done trading for the day. I made roughly 2R in the move, I had anticipated a 4R TP, but the market did not reach it. I will look into continuing sell tomorrow.

Refer:

Kind Regards,
The_Architect