GBPUSD LONG (WEEKLY OUTLOOK).
THE CABLE remains bullish and has been seeking higher prices since after raiding external SellSide liquidity at 1.05450. The asset has been consolidating on the daily timeframe prior to breaking out during the week's fundamental releases. The SellSide Imbalance Buyside Inefficiency (SIBI) on the monthly time frame seems to be the next draw in liquidity (INTERNAL RANGE LIQUIDITY). Going into the week, My bias on the cable remains bullish with key levels to watch out being.
1. The DAILY bullish order block / WEEKLY rejection block.
2. The BISI (Buyside Imbalance SellSide Inefficiency) + Order block on the weekly timeframe.
3. Relative Equal highs on the weekly timeframe.
I'm anticipating price to find support off Key levels 1 or 2 for a potential LOW OF THE WEEK formation and price expanding bullish from there with the next draw in liquidity being Key level 3 and further continuation into our monthly internal range liquidity.
DISCLAIMER!!!
THIS IS NOT A TRADE OR INVESTMENT ADVISE.
1. The DAILY bullish order block / WEEKLY rejection block.
2. The BISI (Buyside Imbalance SellSide Inefficiency) + Order block on the weekly timeframe.
3. Relative Equal highs on the weekly timeframe.
I'm anticipating price to find support off Key levels 1 or 2 for a potential LOW OF THE WEEK formation and price expanding bullish from there with the next draw in liquidity being Key level 3 and further continuation into our monthly internal range liquidity.
DISCLAIMER!!!
THIS IS NOT A TRADE OR INVESTMENT ADVISE.
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