At present, GBPUSD is reacting to a strong institutional resistance point aligned with an M15 bearish order block. The strength of this order block is due to the inefficiency (liquidity void) preceding it. Additionally, this order block is in conjunction with an H4 breaker block, a significant institutional resistance level where smart money typically initiates new selling positions.
Key Observations:
Institutional Resistance: The M15 bearish order block, strengthened by the preceding liquidity void, has led to a downward price movement and a market structure shift. This shift indicates that the institutional order flow is now bearish.
Price Action: Following the market structure shift, the price has respected the breaker block, suggesting further selling pressure and a continuation of the bearish order flow.
Bearish Order Blocks as Resistance: Given the bearish order flow, we expect bearish order blocks to serve as effective resistance levels, guiding the price towards the downside.
Trading Strategy:
Premium and Discount Levels: We are currently operating within premium prices, making it logical to target discount arrays for profit booking. The focus is on selling at premium levels and aiming for discounted prices where we can realize profits.
Target: The primary target in the discount price range is the discount bullish order block, which also features an inefficiency (liquidity void). This presents a suitable draw on liquidity and an ideal profit-taking level.
Conclusion:
By understanding the current institutional order flow and leveraging key resistance and support levels, we can effectively anticipate and execute bearish trades on GBPUSD. The confluence of the M15 bearish order block, H4 breaker block, and liquidity voids strengthens our bearish outlook and guides our trading strategy towards targeting discounted arrays.
Happy Trading, The_Architect
Trade fechado: stop atingido
SL Hit=-1% First sell attempt failed. I will look for another opportunity when confirmed to do so.
Refer:
Best Regards, The_Architect
Trade fechado: objetivo atingido
Target Reached! Comment: Unfortunately, I didn't get an opportunity to enter the trade towards the downside.
Refer:
Kind Regards, The_Architect
Trade fechado: objetivo atingido
The Next Draw on Liquidity. Bullish Institutional Order-Flow
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