GBP/USD - Dollar Weakening = Stronger Pound
With a strong rally in the dollar index when Donald Trump was chosen to be president, it caused a lot of foreign currency to weaken. GBP being one of them.
Time and time again, we have seen lower lows form and you just have to ask yourself when will this ever change.
The good news is, short-term bullish runs to inefficiencies is still a high possibility going into the volatile periods of next week and the week after next.
Time and time again, we have seen lower lows form and you just have to ask yourself when will this ever change.
The good news is, short-term bullish runs to inefficiencies is still a high possibility going into the volatile periods of next week and the week after next.
Trade attivo
With FOMC and Main Financing Rate being released this week, EUR/USD is currently showing indecisiveness as the weekly is printing a doji candle.
Daily FVG that was created between last week Thursday and this week Monday has been tested three times when viewing on the daily timeframe.
I want to see the zone of 1.23759 - 1.24460 respected. Candle body closure below this range will cause me to sit on my hands and revaluate.
Nota
Within the grand scheme of the medium term bullish bias, a minor retracement into a daily area of inefficiency is healthy. 1.23759 is the price I do not want to see a daily candle body close below. Wicks are permitted.
Studying dollar.
If manipulation does occur and failure at 108.800* happens, there's a high chance for risk on conditions, giving the space for GBP/USD to target 1.25752.
Nota
Currently, we have retraced into the daily buyside imbalance, Sellside inefficiency.
I would like for price to reverse from this area of price before reaching into 1.25762 daily buyside liquidity
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