Well, as you can see, the market is totally bearish and we expect weakness of the pound against the American dollar.
I follow the price in 2 scenarios.
The first scenario (which I follow):
I expect that the supply zone can push the price lower at first to the liquidity pool, then to FVG and finally to sell-side liquidity.
Second scenario:
The previous High which is the High of the supply zone acts like a liquidity pool and the price moves higher to the bearish order block and then falls.
(I mentioned the second scenario just because it would be a perfect high-probability setup for a short position if it happens.)
đź’ˇWait for the update!
đź—“05/10/2023
🔎 DYOR
đź’ŚIt is my honor to share your comments with međź’Ś
I follow the price in 2 scenarios.
The first scenario (which I follow):
I expect that the supply zone can push the price lower at first to the liquidity pool, then to FVG and finally to sell-side liquidity.
Second scenario:
The previous High which is the High of the supply zone acts like a liquidity pool and the price moves higher to the bearish order block and then falls.
(I mentioned the second scenario just because it would be a perfect high-probability setup for a short position if it happens.)
đź’ˇWait for the update!
đź—“05/10/2023
🔎 DYOR
đź’ŚIt is my honor to share your comments with međź’Ś
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.