GBP/USD Reversal Anticipation - Long Bias
Outlook for GU for a long reversal. I still believe we will be expecting new highs soon, to the Monthly FVG and quite possibly to the NWOG above it.
I have some potential iFVGs that will be reused as support later on.
For lower prices, I am anticipating retracement into the Daily Breaker Block, or back into the NWOG. There is a 2 Week FVG and Daily Order Block further down which I don't think we will get to but it is not out of the realm of possibility.
My anticipation for higher prices is based on the liquidity residing above and the strong correlation in the COT reports.
Always look for confirmation.
I have some potential iFVGs that will be reused as support later on.
For lower prices, I am anticipating retracement into the Daily Breaker Block, or back into the NWOG. There is a 2 Week FVG and Daily Order Block further down which I don't think we will get to but it is not out of the realm of possibility.
My anticipation for higher prices is based on the liquidity residing above and the strong correlation in the COT reports.
Always look for confirmation.
R2F