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Wednesday, May 19, 2021

♻️ GBPUSD: limit seller is an obstacle to market maker loss.

♻️ GBPUSD: limit seller is an obstacle to market maker loss.

GBP/USD OANDA:GBPUSD

🎯 Over the past 24 hours the asset failed to close the trading day above the limit seller level (1.4191).
Actual for Wednesday, May 19, the limit seller level is located at the price level of 1.4234, close to the market maker's loss level.
πŸ”₯ In case of a test of the option balance of the day (1.4158) we expect a further rise to the limit seller (1.4234).
In case of breakdown and consolidation above the nearest option resistance (1.4234), we expect a subsequent rise to the premium level of hedge resistance zone (1.4301).
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