Paul_FRX

GBPUSD: Could continue moving higher

Long
FX:GBPUSD   British Pound / U.S. Dollar
Price continues to show higher highs and could continue moving higher. Yesterday price broke the buy side liquidity (BSL 1H line) then pulled back down. It could continue moving down to take the sell side liquidity (SSL 1H line) and even the 79% Fib level (OTE level). Waiting for these levels to be broken and see if it will provide setup to get long.

But since price already took the 1H bullish order block (BullOB 1H line with yellow arrow), it is also possible that price will reverse back up from here.

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.