Well, as you can see, the market is totally bearish and we expect weakness of the pound against the American dollar.
I follow the price in 2 scenarios.
The first scenario (which I follow):
I expect that the supply zone can push the price lower at first to the liquidity pool, then to FVG and finally to sell-side liquidity.
Second scenario:
The previous High which is the High of the supply zone acts like a liquidity pool and the price moves higher to the bearish order block and then falls.
(I mentioned the second scenario just because it would be a perfect high-probability setup for a short position if it happens.)
đź’ˇWait for the update!
đź—“05/10/2023
🔎 DYOR
đź’ŚIt is my honor to share your comments with međź’Ś
I follow the price in 2 scenarios.
The first scenario (which I follow):
I expect that the supply zone can push the price lower at first to the liquidity pool, then to FVG and finally to sell-side liquidity.
Second scenario:
The previous High which is the High of the supply zone acts like a liquidity pool and the price moves higher to the bearish order block and then falls.
(I mentioned the second scenario just because it would be a perfect high-probability setup for a short position if it happens.)
đź’ˇWait for the update!
đź—“05/10/2023
🔎 DYOR
đź’ŚIt is my honor to share your comments with međź’Ś
đź‘‘Join my free Telegram channel: t.me/TradingFX_ICT
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
đź‘‘Join my free Telegram channel: t.me/TradingFX_ICT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.