Exceptional delivery to the upside this week with GBPUSD disregarding the weekly SIBI outlined @ 1.28340 - 1.27149 as a form or resistance.
GBPUSD failed to tag the lower portion of the inverted BISI @ 1.29452 - 1.31100 indicating the possibility of a short term retracement for this week.
I am well aware that GBPUSD is presenting more bullish signatures than bearish at this current time but it's the manipulation in price action that i try to spot and take advantage of.
With that being said, I would ideally like the lows to be booked this week by Wednesday latest before seeing an expansion higher
GBPUSD failed to tag the lower portion of the inverted BISI @ 1.29452 - 1.31100 indicating the possibility of a short term retracement for this week.
I am well aware that GBPUSD is presenting more bullish signatures than bearish at this current time but it's the manipulation in price action that i try to spot and take advantage of.
With that being said, I would ideally like the lows to be booked this week by Wednesday latest before seeing an expansion higher
Trade closed: stop reached
Mid-week analysis.
Short term bearish bias did not go to plan.
Strength to the upside continues
UK, London
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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.
UK, London
Related publications
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.