Steven_Maas

GBPUSD Short term short clearing liquidity pools

FX_IDC:GBPUSD   Pound Sterling/U.S. Dollar
Seems GBPUSD             is cleaning up some lower stops providing liquidity:
  • We are bearish since yesterday and the day before's reversal
  • This night's range 300% standard deviation matching up perfectly with Hourly:SR
  • Bearish orderblock hit early into asian-londonopen session (70.5% OTE             )
  • We can see that there's a bullish orderblock waiting for us down at 500% standard deviation of the nightrange.
  • If today's favorable to our shorts we can reach that 500% perfect match with this time the Bullish orderblock at 70.5/78.6 then giving us another high probability reversal swinging price back up
Comment: We are moving up, perhaps in anticipation of the GBP news coming out today.
Trade closed: target reached: News volatility added momentum extending potential downward target.
Comment: Didn't expect to see this move down into these levels, but looking back at it I may've missed some fundamental incorporation into the analysis. I didn't forget, but I ignored it. And that's not good.

Price does show a decent bounce from the second bullish orderblock I projected earlier.

New analysis:
snapshot
Comment: With Fibs (perfect bearish confluence on 70.5%)
High probability short IF price get's up there.

snapshot
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out