GU Looking for shorts only

Apr 13

The GBPUSD pair appears to be undergoing a significant shift, marked by distinct phases that reflect both technical and market sentiment dynamics. Initially, a preliminary support level at 1.28240 suggests a foundational point where buying interest had been prominent. However, recent movements indicate a reversal in this sentiment, with indications that large operators are now divesting from their long positions and accumulating shorts. This shift is underscored by the emergence of a bearish inducement at 1.25100, prompting a widespread sell-off among market participants, particularly evident on faster timeframes where bearish signals dominate. Subsequently, an upthrust after accumulation at 1.29000 signals a deceptive upward movement, commonly referred to as a "rug pull" or stop hunt, characteristic of manipulation tactics employed by major players. Despite this apparent volatility, larger operators are strategically filling sell limits, reinforcing a downtrend trajectory. This descent is further emphasized by the concept of "falling through the ice," as per Wyckoff's methodology, denoting a bearish breakout below crucial support levels. With the current price hovering at 1.24492, the next critical juncture lies around the 1.2000 mark, reflecting a continuation of the downward momentum