GBPUSD cpi and ppi effects on the dollar.

13 Mar

Price Movement: The price opened and traded lower during the Asian and London sessions, tapping into a 1-hour order block (1.29434) and a 15-minute fair value gap (FVG).

Key Levels:

London Low Liquidity: 1.29415

1-Hour Order Block: 1.29434

15-Minute BISI Consequent Encroachment: 1.29394

Targets:

Asian Highs: 1.29740

CPI High: 1.29870

Economic Indicators: The recent CPI data created a high that might be targeted. Additionally, the PPI is due today, and the sentiment is negative, potentially weakening the dollar.

13 Mar

İşlem aktif

Pre-PPI Movement: Price passed the order block (OB) just before the PPI report.

Post-PPI Reaction: After the soft PPI report, price spiked up to 1.29663, aligning with a 15-minute sell-side imbalance (SIBI).

Liquidity Takeout: After the 15-minute SIBI was respected, it pushed the price lower and took out the pre-PPI low as well as liquidity at 1.29250.

Extreme 1-Hour Order Block: Price then moved into the extreme 1-hour order block (OB) at 1.29310 and reacted from it.

Entry Point: Notable entry during the first NY macro.