GBPUSD is retracing in higher timeframe towards an important Key level before giving the seasonal November expansion. It also is the resetting phase of the October's monthly candle as we are in the las week of October. We are anticipating a Classic expansion till Wednesday and we may purge the sell side liquidity by Wednesday. However, the retracement at the Key level today (Monday) and a bearish order-flow there onwards will confirm this narrative.
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.
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.