Analysis GBP/USD
As I mentioned in yesterday's analysis, the price continued with its bearish momentum and collected the first liquidity (LQY) below. Today, I took advantage of the drop and opened a sell position, which I just closed since the New York Stock Exchange is nearing its end.
Tomorrow, we have impactful news for both EUR and GBP, so I will take a break from trading tomorrow and wait to see how everything unfolds during and after the news.
Yesterday, I noted that the day closed as a Doji, but that today would still be bearish, which indeed happened.
On the hourly (H) charts, there’s a clearer picture of the liquidity areas above, so the news could push the price bullish in order to collect the sell orders above.
Tomorrow, we have impactful news for both EUR and GBP, so I will take a break from trading tomorrow and wait to see how everything unfolds during and after the news.
Yesterday, I noted that the day closed as a Doji, but that today would still be bearish, which indeed happened.
On the hourly (H) charts, there’s a clearer picture of the liquidity areas above, so the news could push the price bullish in order to collect the sell orders above.
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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.