GBPUSD forecast

2023年5月9日

Hello folks, GBPUSD has cleared the BSL recently and left a ton of liquidity underneath. Price has acted bullish for some time with no meaningful correction. It looks like the current price action is mirroring the previous consolidation, fakeout, and an eventual bullish movement. Seasonally, the month of May is bullish for the dollar. I expect the price to at least clear out EQL sitting below.

2023年5月11日

註釋

+1 confluence that the pound should act weaker than EUR, hence falling lower in terms of pips

2023年5月25日

交易結束：目標達成

2023年5月26日

註釋

Price cleared out EQL mentioned earlier and tapped into the 4hr OB+FVG. There are 2 possible scenarios:
1. Price will react to the bearish OB and go lower targeting SSL, which is in line with the current order flow.
2. Price will pierce through that bearish OB, which would indicate a market structure shift and in that case, one should wait for a pullback to open a possible long position. Will update on Tuesday, since market will be closed on weekend and on Monday.

2023年5月26日

註釋

Price reacted to the BISI and I expect it to drop to take out SSL