GBPUSD:05/10/2023:🔴More fall for Pound🔴(Important caption)

Well, as you can see, the market is totally bearish and we expect weakness of the pound against the American dollar.

I follow the price in 2 scenarios.

The first scenario (which I follow):
I expect that the supply zone can push the price lower at first to the liquidity pool, then to FVG and finally to sell-side liquidity.

Second scenario:
The previous High which is the High of the supply zone acts like a liquidity pool and the price moves higher to the bearish order block and then falls.

(I mentioned the second scenario just because it would be a perfect high-probability setup for a short position if it happens.)



💡Wait for the update!
🗓05/10/2023
🔎 DYOR

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