Simple correction of GBPUSD 4h TF.
-I noticed this trade starting from change of character and then BOS.
Upon leaving that area, it create a market structure and small supply (can be seen in 15min/30min)
After this I set a pending order. ( validity was the BOS structure - 15min)
It then activated today march 14 2024. (wyckoff distro originates this move)....
-Hello everyone !
-Here is my opinion on GBP/USD:
-P.O.I (Point Of Interest)
-An increase in liquidity.
-An interesting area.
-Optimal Fibo (OTE).
-No counter-trend.
- FVG (Fair Value Gap/Imbalance) *Optional
-Plus we have a very nice shopping area next to our TP!
This is why I would see the GBP/USD going DOWN!
🚀 If you liked it and want more, don't hesitate...
Cable briefly broke out of its range around last week’s NFP, moving up to nearly $1.29 before retreating again this week. Expectations that the Fed will cut in June have held in March so far while American inflation for February came in slightly higher than the consensus on Tuesday as widely expected.
Although the golden cross of the 20 and 50 SMAs and the...
Missed this GU sell entry that happened after tapping into the 30m POI.
As u can see the purple box "smt", many smc traders would enter at that zone and be induced.
However there will be the PPI news coming up in 2 hours. no trade is better than a reckless trade.
Price has change of structure on the 1h TF also on the m15 so we´re targeting tha zone of the demand which sweep liquidity from its previous low, and also aligns with 62% of fibonacci
Dear friends, let's discuss and strategize for the new day together!
Overall, GBPUSD is currently in a consolidation phase after breaking out of a downward channel at 1.2796. It is currently trading around 1.2792, reaching a low of 1.2811, marking a 0.03% decrease for the day. So, what are the reasons and factors driving this currency pair?
In terms of...
GBP/USD, H4 14 March 2024
Pound Sterling saw a modest rebound post UK GDP data release, which met market expectations. According to the Office for National Statistics, the UK economy returned to expansion in January, rising by 0.20% after contracting 0.10% in December, which aligned with the market expectations. Despite returning to growth in January, Pound...
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....
The pair has been on upwards movement until the recent BOS and the retest to the bounce off resistance zone seems completed paving way for the likely fall today
@ DANCOLNATION CAPITAL , We shall be refining our entry strategy to make the most of the moves
Hello to all our subscribers.
Please share your personal opinions in the comments. We kindly ask for your support through boosters and subscriptions.
Several important indicators, including the GDP of the UK from the previous day, have been released, and on Tuesday, the US Consumer Price Index for February was announced. As a result, we've seen some increased...
