GBPUSD 14TH MAY

The British Pound to US dollar is exhibiting a similar trend to the charts we previously analyzed. The smaller time frame swing moves have broken down, indicating a bearish shift in the order flow. We have identified a small gap above previous price action and a small gap below our most recent swing low, leading us to believe in the possibility of a short-term retracement bringing us back into the zone above before continuing downwards towards the liquidity highlighted on the left. We plan to follow this pair in the same manner as the previous two pairs, catching some very nice sell moves off of it as it delivers bearish ranges. We will be looking for a weekly high to form around Monday or Tuesday before following this bearish trend further down into the lower liquidity pools. However, if the pair decides to continue bearish without retracing, we will follow the order flow. As always, refer to the DXY to understand the general market direction.

We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!

PipSurfingSociety

Vist our website - orionrfx.com
FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813

Ngoài ra, trên:

Bài đăng liên quan

GBPUSD 26TH march

của PipSurfingSociety

Thông báo miễn trừ trách nhiệm

Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.

PipSurfingSociety

Vist our website - orionrfx.com
FREE trading community & FREE YouTube content!
Learn the Orion Trading System with the link below.
🤝 Discord: discord.gg/pip-surfing-society-809908301923745813