GBPUSD - 14 June 2022

Price just taken out the daily structural low, the way price move down is very impulsive, indicating a strong bearish momentum, the bearish intention is overwhelming.

Why I don't think this is a LQD to SSL to continue higher?

The reason behind this is because the COST. Just imagine, how many sell orders BFIs need to push price this far (>350pips). If they intend to push price higher, it wouldn't be logic for them to hold so many sell orders in their hand, the more sell orders they hold the lesser the profits they made.

Therefore, if they intend to move price higher, they would rather stack more buy orders than sell orders. If they just want to grab more SSL, it would be more efficient that they hold the price around here and form a range to grab more SSL instead of pushing the price all the way down.

The PA is clearly showing they stacked more sell orders than buy orders, this means to me they want to push the price lower. If there is no accumulation formed here I will remain short bias (the accumulation need to be in same scale).