GBPUSD____MASSIVE SHORT TRADE UPCOMING
Hello Guys,
GBPUSD is currently at a strong monthly supply zone and the price has just swept a weekly buy-side liquidity pool so it is fair to expect GBPUSD to short. However, I would like to see this pair open on Monday and go bullish to tap into a monthly FVG. If this happens as marked on my chart, I would have full confidence to be looking for a setup to take a short trade all the way to 1.2450.
As you can see, I have also marked out all the sell-side liquidity pools that price on its way down will hunt.
To add more confidence to this setup, the dollar index is in a demand zone and if that zone will hold, we should see GBPUSD go bearish.
Here is my analysis of the dollar index
https://www.tradingview.com/chart/USDOLLAR/KSGKeKWr-USD-MASSIVE-RALLY-UPCOMING/
Let me know what you think in the comments.
Cheers,
David
GBPUSD is currently at a strong monthly supply zone and the price has just swept a weekly buy-side liquidity pool so it is fair to expect GBPUSD to short. However, I would like to see this pair open on Monday and go bullish to tap into a monthly FVG. If this happens as marked on my chart, I would have full confidence to be looking for a setup to take a short trade all the way to 1.2450.
As you can see, I have also marked out all the sell-side liquidity pools that price on its way down will hunt.
To add more confidence to this setup, the dollar index is in a demand zone and if that zone will hold, we should see GBPUSD go bearish.
Here is my analysis of the dollar index
https://www.tradingview.com/chart/USDOLLAR/KSGKeKWr-USD-MASSIVE-RALLY-UPCOMING/
Let me know what you think in the comments.
Cheers,
David
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