ICT Cable Analysis - January 2016

FX:GBPUSD   British Pound / U.S. Dollar
148 1 0
A look back at the recurring Bearish Daily Order Blocks and how they have been re-used to reload with shorts.

Price has now continued to break down, with a weekly low of liquidity underneath us, with a bullish order block below that.

A few scenarios could play out - my preferred choice - a reload of the daily order blocks above us, securing the above liquidity whilst offering further good entries before proceeding down to further significant lows.

If you didn't see my 22 year macro look at Cable take a peak - it shows we are now below a 22 year key level of significance. A bounce higher to the order blocks above us would bring us into traditional resistance of this level.

Here is the 22 year key level. Look for traditional resistance when trying to break back above this price, looking for further short entries.

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