Hello everyone!
After price pushed up due to the news , there are still clear pools of money ( liquidity ) below.
If the institutions do their job, during the next trading week we'll be seeing price falling down to grab all the liquidity.
Since the more liquidity is at the bottom price is expected to go towards these lower levels , due to the almost non...
This is an idea for an intra-day trade on GBPUSD, if we manage to hold above the previous small resistance level then we can consider a small buy position into the next key level marked. It is quite obvious that GBP has finally reacted to the beating it was taking and on the lower time frames, you can see that price has begun to shift.
IG Client Sentiment - 52%...
Regarding to my last week analysis about GBPUSD/Sterling. GBPUSD exploded higher last week at the price broke above 1.2570 resistance. It closed well above the neaby resistance. This is obviously a Bulls taking in Control while bear still asleep. We can look for minor pull backs to the downside to get long and trade in-line with the bullish momentum. The price...
FX:GBPUSD not really sure if this is accurate but....there is a clear shoulder on both sides where price couldnt break up....although, we dont have an incoming long leg as gbp/usd has never been lower than 1.4100...anything can happen
