Anticipate DXY poised to go higher, GBPUSD should be inversely correlated and move bearish. Entered at London Open. before the open of 0400hrsNY candle. Anticipate a draw on liquidity at the Previous Daily Low. with a sweep of at least 15 pips and a final target at the candle closes to the left.
The environment is risk-off. Stop placement above the OB after the price confirmation lower.
Further analysis shows 1.31000, expect price to run and reach for an institutional number below it. Fibs can be used for confluence
The environment is risk-off. Stop placement above the OB after the price confirmation lower.
Further analysis shows 1.31000, expect price to run and reach for an institutional number below it. Fibs can be used for confluence
Comment:
selected the wrong OB, with London Open, Short bias still in place