SasanSeifi

SasanSeifi 💁‍♂️GBP/USD👉4H 1.22700 / 1.23

SasanSeifi Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Hey there! As you can see, the price is currently trading within the range of 1.22. In the 4-hour timeframe, here's a scenario to consider: The price may continue to exhibit positive fluctuations as it approaches the liquidity gap. Following this, after a minor correction and, upon confirmation, as well as renewed liquidity accumulation, we could potentially witness further price growth towards the resistance levels at 1.22700 and the price range of 1.23. Potential trends in the chart above have also been highlighted.

Moreover, if the price falls below the LOW1.21 range and consolidates, there's a possibility that the outlined scenarios may not materialize.
✨What's your opinion? Do you agree?

🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️

❎ (DYOR)...⚠️⚜️

Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Comment:
In a 4-hour time frame analysis, looking back, there's a possibility of witnessing a positive price reaction after a minor correction and the gathering of liquidity. As you can see, the price dropped towards the FAIR VALUE GAP range. Currently, it's hovering around 1.21600, keeping within this range. The trend is in a consolidation phase.

In the 4-hour timeframe scenario, if we see a break above 1.22200 with confirmation, we may anticipate further price growth toward the specified resistance levels, as shown in the above chart. On the other hand, if the price dips below the range of 1.21 / 1.20300 and holds below, there's a possibility of a more significant correction to consider.
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️

❎ (DYOR)...⚠️⚜️

Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌


Follow Your Own Trading Plan!

😍 Join our free Telegram Channel for more analysis

🔱Telegram👉 t.me/Forex_Crypto_Signal_Free_VIP
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.