GBPUSD: Exploring a Possible Sell Opportunity

At present, prices are at extreme premium levels, with a notable reaction from a premium m15 Order Block, in mitigating the Order Block we also filled the Liquidity Void left by yesterdays CPI News Release. A market structure shift (MSS) has occurred, suggesting a potential reversal as we aim to target the H4 Sell Stops, our Draw On Liquidity.

Additionally, there's a possibility of capitalizing on the m15 Buy Stops, particularly as it aligns with the Asian High. Should the H1 Breaker Block fail, I will consider selling against the m15 Buy Stops upon confirmation.

Kind Regards,
The_Architect

Trade closed: stop reached:

This setup resulted in two losses for the day. Currently, it's evident that Smart Money has been engineering liquidity to initiate selling positions. The false breakout, known as Turtle Soup, indicates Smart Money's strategy of seeking buy stops to sell against, given the bearish institutional order flow.

However, I will be reacting accordingly during London Session tomorrow as to justify if this idea is still valid.

Refer:

Kind Regards,
The_Architect

Comment:

Currently, GBPUSD exhibits bullish institutional order flow. Despite a primary sell-side objective, I anticipate GBPUSD to target the m15 Inducement Order Block to fill the Liquidity Void. Additionally, I foresee it taking the H1 Buy Stops, serving as our Draw On Liquidity.

I will initiate a confirmation entry to capitalize on this bullish opportunity.

Refer:

Kind Regards,
The_Architect