Hello guys,
If you follow me already, you will know that I get my directional bias from the dollar index. In my previous post on the dollar (inserted below) I stated that I am bullish on the dollar which would mean I am bearish on GBPUSD.
As you may see on my chart, I expect the price to run into my POI after inducing early short selling as marked on the chart before the continuation of the bearish move from last week.
You will also notice that we have multiple sell-side liquidity just above my profit target zone which price loves to sweep.
If you like this, check out my profile for more.
DXY ANALYSIS
EURUSD ANALYSIS
Cheers,
David
If you follow me already, you will know that I get my directional bias from the dollar index. In my previous post on the dollar (inserted below) I stated that I am bullish on the dollar which would mean I am bearish on GBPUSD.
As you may see on my chart, I expect the price to run into my POI after inducing early short selling as marked on the chart before the continuation of the bearish move from last week.
You will also notice that we have multiple sell-side liquidity just above my profit target zone which price loves to sweep.
If you like this, check out my profile for more.
DXY ANALYSIS
EURUSD ANALYSIS
Cheers,
David
