By examining the 4H chart of GBPUSD we can see that after sweeping the major buyside liquidity above the 1.3553 level it has been on a bearish run and there are no signs as to when it might stop dropping. Currently, GBPUSD is being traded at around 1.3367 level.
I expect further drop for Cable, going towards the liquidity pool below the 1.3342 level and then towards the liquidity pool below the 1.3322 level, sweeping the liquidities there and then drop towards the 4H IFVG High at 1.3295 level, using there as a possible reversal point.
Considering the geopolitical tensions, Cable may continue its bearish run for the time being, unless another ceasefire is announced or the war is called over. Otherwise, it is not very likely for GBPUSD to start an upwards move for the time being.
I expect further drop for Cable, going towards the liquidity pool below the 1.3342 level and then towards the liquidity pool below the 1.3322 level, sweeping the liquidities there and then drop towards the 4H IFVG High at 1.3295 level, using there as a possible reversal point.
Considering the geopolitical tensions, Cable may continue its bearish run for the time being, unless another ceasefire is announced or the war is called over. Otherwise, it is not very likely for GBPUSD to start an upwards move for the time being.
עסקה סגורה: היעד הושג
By analyzing the 4H chart of we can see that GBPUSD has reached our targets at 1.3342 and 1.3322 levels, sweeping the liquidity pools below them, and then reached 1.3299 and bounced back up before reaching the 1.3295 level, which is okay. At the moment, GBPUSD is being traded at around 1.3340 level.Currently, I expect GBPUSD to go higher towards the 1.3399 level to sweep the minor buyside liquidity there, and then attempt to break above the 1.34 level, retesting the FVG and if it breaks above the FVG C.E. at 1.3413 level and stabilize there, we could see it go higher to retest the old supply zone at 1.3425 to 1.3433 level.
We should also take the geopolitical factors into account, any escalation could send GBPUSD down, so please take care of your positions.
Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.