GBPUSD: Anticipating Continued Bearish Momentum!

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Greetings Traders!

Current Market Analysis:

At present, I anticipate a continued sell-side draw on GBPUSD, targeting the daily fair value gap, which serves as today's draw on liquidity. This area also contains relatively equal lows, which are known to harbor a significant amount of sell stops.

Key Observations:

• Trend Continuation: The trend has predominantly been bearish coming into today's price action. Therefore, we anticipate that bearish arrays will continue to maintain the bearish institutional order flow.
  
  
• H1 Bearish Order Block: One key array under observation is the H1 bearish order block. I expect this area to hold as a strong resistance zone, guiding the price towards our target area.
  

Trading Strategy:

• Focus on Bearish Momentum: Given the current market structure, I am focusing on bearish momentum. The H1 bearish order block is anticipated to act as a significant resistance level, facilitating a move towards the daily fair value gap.
  

Target Levels:

• Daily Fair Value Gap: The primary target is the daily fair value gap, identified as the current draw on liquidity. The presence of relatively equal lows in this area indicates a high concentration of sell stops, making it a strategic target.
  

Conclusion:

By understanding the prevailing bearish institutional order flow and identifying key resistance zones, we can effectively anticipate and execute trades on GBPUSD. The H1 bearish order block provides a strategic resistance level, supporting our outlook towards continued bearish momentum.

Happy Trading,
The_Architect

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ملاحظة

TP Hit=2%
Objective Reached!

Refer:

Best Regards,
The_Architect