ð Weekly Outlook: Anticipating Bearish Momentum on GBPUSD ð
Greetings,
This week, my analysis indicates a potential bearish draw on GBPUSD, with a target set to reach the Daily Sell Stops. A confluence of factors supports this idea, notably our entry into a significant H4 Inducement Order Block. This block gains strength from its ability to sweep Buy Stops and the presence of additional Buy Stops positioned just below it.
Our aim is to target the engineered liquidity lows, where a notable concentration of Sell Stops awaits to the downside.
Stay in tuned for further development.
Wishing you profitable trading this week,
The_Architect
This week, my analysis indicates a potential bearish draw on GBPUSD, with a target set to reach the Daily Sell Stops. A confluence of factors supports this idea, notably our entry into a significant H4 Inducement Order Block. This block gains strength from its ability to sweep Buy Stops and the presence of additional Buy Stops positioned just below it.
Our aim is to target the engineered liquidity lows, where a notable concentration of Sell Stops awaits to the downside.
Stay in tuned for further development.
Wishing you profitable trading this week,
The_Architect