DXY is showing the willingness to go higher, which should lead GBPUSD to go lower.
We have an M formation. When we have an M formation, we want to see price retrace up to its neckline (the lowest point in between the M).
Price created a Volume Imbalance / Vacuum Block in price. This is a huge gap that price usually hurries back up to fill. I expect the majority /the whole Volume Imbalance to get filled and then go lower from there...
We have a Market Maker Sell Model which should lead price to go below the grey boxes (consolidations aka Liquidity Pool).
Trade closed: target reached:
.
BOOM!
BOOM!