First, notice the way
EURUSD
and
GBPUSD
were acting at it's respective highs. It's a sign that price is about to reverse. EURUSD was not able to rally to the upside while GBPUSD rallied and took out the buyside liquidity and that is why the SMT with GBPUSD was formed. To confirm the SMT, price would have to break lower, which it did as I currently type this
I want to see a retest into the 4hr FVG and then a decline to sellside liquidity
Also, take a look at my previous analysis on EURUSDI have been bearish since
EURUSD
and
GBPUSD
were acting at it's respective highs. It's a sign that price is about to reverse. EURUSD was not able to rally to the upside while GBPUSD rallied and took out the buyside liquidity and that is why the SMT with GBPUSD was formed. To confirm the SMT, price would have to break lower, which it did as I currently type this I want to see a retest into the 4hr FVG and then a decline to sellside liquidity
Also, take a look at my previous analysis on EURUSDI have been bearish since