GBPUSD Trading Journal Analysis
Price is delivering to a Premium on the daily chart. I suspect that Price is bearing down to the 50% equilibrium level.
Last week Price wicked through equal buy stops back from March 12. Price then swept equal sell stops from May 24 creating equal lows and came into the Weekly SIBI.
It seems likely that Price will rebalance the Daily SIBI created from last weeks range. I anticipate that Price could reach for the noted Buy Stop Target and the 4 IFVG.
I anticipate alot of volatility in this pair this week with the many red folder news drivers from both USD and GBP manipulations.
Price is delivering to a Premium on the daily chart. I suspect that Price is bearing down to the 50% equilibrium level.
Last week Price wicked through equal buy stops back from March 12. Price then swept equal sell stops from May 24 creating equal lows and came into the Weekly SIBI.
It seems likely that Price will rebalance the Daily SIBI created from last weeks range. I anticipate that Price could reach for the noted Buy Stop Target and the 4 IFVG.
I anticipate alot of volatility in this pair this week with the many red folder news drivers from both USD and GBP manipulations.