Anticipating Bearish Momentum on GBPUSD

OANDA:GBPUSD   British Pound / U.S. Dollar
I am observing potential selling pressure on GBPUSD, contingent upon price action triggering the H1 Buy Stops and potentially filling the FVG (Fair Value Gap) above it. I anticipate that price will avoid reaching the high established at the Daily Order Block, given its evolution into a significant High Resistance Liquidity Point, with no additional liquidity present above it.

As we approach the extreme H1 Order Block, it may serve as a Potential High Resistance High. Hence, my anticipation is to avoid reaching that high.

To confirm this scenario, I intend to await the sweep of the current H1 Buy Stops, with the objective of targeting the Daily Sell Stops located below the engineered liquidity.

Kind Regards,


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