GBPUSD Short term short clearing liquidity pools

4 Agu 2016

Seems GBPUSD is cleaning up some lower stops providing liquidity:

• We are bearish since yesterday and the day before's reversal
  
• This night's range 300% standard deviation matching up perfectly with Hourly:SR
  
• Bearish orderblock hit early into asian-londonopen session (70.5% OTE)
  
• We can see that there's a bullish orderblock waiting for us down at 500% standard deviation of the nightrange.
  
• If today's favorable to our shorts we can reach that 500% perfect match with this time the Bullish orderblock at 70.5/78.6 then giving us another high probability reversal swinging price back up
  

4 Agu 2016

Catatan

We are moving up, perhaps in anticipation of the GBP news coming out today.

4 Agu 2016

Trading ditutup: target tercapai

News volatility added momentum extending potential downward target.

4 Agu 2016

Catatan

Didn't expect to see this move down into these levels, but looking back at it I may've missed some fundamental incorporation into the analysis. I didn't forget, but I ignored it. And that's not good.

Price does show a decent bounce from the second bullish orderblock I projected earlier.

New analysis:

4 Agu 2016

Catatan

With Fibs (perfect bearish confluence on 70.5%)
High probability short IF price get's up there.