DJC

Cable needs to break -OB

FX:GBPUSD   Pound Sterling/U.S. Dollar
52 1 3
We need to break through this -OB ( Bearish Order Block).

I am still stalking two scenarios:

1. Cable will spike up to previous daily -OB, which can be seen on this chart. That level will also be a nice repeating FIB level on the daily charts , before we see much, much bigger downside movement.
2. Cable will descend to where the liquidity is sat for the longs stops. See in this chart

Until these big moves are done, we can continue to day trade based on daily killzones and smaller order blocks.


-djc.
Great analysis ........... I like the naked charts. Could you explain "daily killzones" in a little more detail?? Thanks
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