HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE POUND DOLLAR IN THE COMING WEEK.
GBP/USD CLOSED LAST WEEK WITH SOME STRONG MOMENTUM TOWARDS THE DOWNSIDE SIGNALLING SO MOMENTUM SHIFT.
* We have swept previous week high and multiple day candle rejections at this level. * Second candle being that big bearish momentum shift which probably created some market structure shift on lower time frames. * Looking for a continuation of this move in this coming week. - To take the previous lows for confirmation that we are bearish for the week. - Tap in to the OB * If we break below and close under the OB - TARGET would be the FVG that is unmitigated before continuing to the upside.
lets see how it goes.
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