GBPUSD Daily Bias (18th Oct. 2024)
It's been 3 consecutive weeks of the Cable printing bearish volumes and we anticipate the bears are not tired yet, at least not today.
Looking at the daily TF, we can see the bears just broke out of last week's consolidation on Wednesday and seem to be doing a pullback to clear internal liquidity from the new range it created following the breakout PA.
We've identified Wednesday's high as possible IRL (internal range liquidity) that can sponsor a further move to the downside.
We'll keep our arms folded as we await today's delivery.
GLGT!!!
LloydFx,
Trade Monastery.
Looking at the daily TF, we can see the bears just broke out of last week's consolidation on Wednesday and seem to be doing a pullback to clear internal liquidity from the new range it created following the breakout PA.
We've identified Wednesday's high as possible IRL (internal range liquidity) that can sponsor a further move to the downside.
We'll keep our arms folded as we await today's delivery.
GLGT!!!
LloydFx,
Trade Monastery.
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