GBP/USD UPDATE 1-27-2022

Jan 28, 2022

So we caught a beautiful buy yesterday and we ended up playing into this IT candle on the 4hr so we could see re-distrbuition around that area to sweep orders and then see a move to continue to the downside, we are in a solid downtrend and also around this time of year with the 10 year seasonality chart that GU is bearish till around march and we know DXY has been bullish so this is why we are seeing this downtrend in the market. So we will be patient and see what other information that we get

Jan 28, 2022

Note

Also we do see that GU did just create a new lower high so we could possibly anticipate for it to come down to create a new lower low.