Steven_Maas

GBPUSD Short term short clearing liquidity pools

FX_IDC:GBPUSD   British Pound / 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
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