FX_ArteezZ

GBPUSD - 10 February 2022

FOREXCOM:GBPUSD   Funt Brytyjski/Dolar USA
Price is now reacting off a daily D2S, in 4H it's a refined 4H LQ POI. However, if price wants to continue lower to take out the weekly low, we might need some more LQD as price didn't sweep significant LQ from the left in 4H. The 4H structural high become the best inducement for price to liquidates to refuel the bearish momentum. Therefore, we might see price go higher from here. Also, price is now reacting off from a 4H S2D, major demand, we get a 4H bullish CHoCH.

In 15m, price is showing a clear accumulation. If this is an accumulation, price shouldn't just go this far, I will expect it at least run the previous 4H swing high. Although 15m is now back into bearish, I will still keep my eyes on any significant 15m bullish CHoCH, especially after price taken out some 15m structural LQ from the left while respecting the low, I will be interest in Long if it happens.

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