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Paul_FRX

GBPUSD: Could continue moving down to take 1.26000 level

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
Paul_FRX Updated   
FX:GBPUSD   British Pound / U.S. Dollar
Beyond Technical Analysis ict ictconcepts ictsetup icttrader ictorderblocks ictfairvaluegaps ictote GBPUSD gu
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beyondta ict ictconcepts ictsetup icttrader ictorderblocks ictfairvaluegaps ictote gbpusd gu
Yesterday price moved down to take sell side liquidity (SSL 1H TAKEN line) then moved back up. It is possible for price to continue moving up to take buy side liquidity (BSL 1H line) which is also the area of hourly 79% Fib level, the deepest OTE level and the previuos day high. A lot of reasons for that area to be taken before moving down to take the 1.26000 level
Trade active:
After price took buy side liquidity (BSL 1H line) which is also the area of hourly 79% Fib level, the deepest OTE level and the previous day high, I went down to a lower timeframe and waited for a Market Structure Shift (MSS) and fair value gap (FVG) and set a sell limit at the FVG.
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