The GBPUSD pair is currently exhibiting trading behavior within the range of 1.25300-1.27500, a pattern that aligns with the principles of the Wyckoff theory, a framework used to analyze market trends and anticipate future price movements. This current phase appears to reflect a redistribution phase within the Wyckoff model, characterized by a period of...
Its hard to determine if the UKRAINE war has a larger effect on the Pound than it does on the Dollar. So i am continuing my MFI test strategy. Lets see if this plays out the same as my previous two.
Unsustainable up-move. Massive imbalance left (4H) which has to be filled. Congestion zone created which can be manipulated. If so I aim for the order block above which caused the impulsive move down. RR --> 3.86
I saw this pattern past few weeks with a very good result. Here it is again, we are selling here down to "c". Please advisee if you have a better opinion or a different one.
Per DXY analysis (Check the previous post) this pair has the most co-relation to the DXY price movement per last week. Dxy potential will fall after re-testing descending channel resistance, this pair has also reached near to the descending channel whereas a lot of fib zone exists. DXY has already broken the counter line to the down side, this pair is yet to break...
