GBPUSD current outlook ITO SMC concepts
We have a protected high at 1.50190. That would act as our Invalidation point if broken.
current trend is bearish as we are still in a monthly bearish range. going with this thought we should be targeting the downside liquidity on a monthly TF. Liquidity has been grabbed at the monthly range low of 1.16496, however we still expect this level to act as a target to trade to.
weekly and daily orderflow has switched to bearish already. strengthening our bearish bias.
This is my outlook for GU. I will continue with this bias until price gives invalidates or completes it. i am quite new to this style of trading and I hope to continue this in the future
current trend is bearish as we are still in a monthly bearish range. going with this thought we should be targeting the downside liquidity on a monthly TF. Liquidity has been grabbed at the monthly range low of 1.16496, however we still expect this level to act as a target to trade to.
weekly and daily orderflow has switched to bearish already. strengthening our bearish bias.
This is my outlook for GU. I will continue with this bias until price gives invalidates or completes it. i am quite new to this style of trading and I hope to continue this in the future