I still maintain a bearish outlook on GU; however, there's significant liquidity gathering around the marked trendline above. Consequently, I anticipate this liquidity to be taken out first, creating a CHOCH to the upside. Once this transition occurs, I expect a retracement back to the newly identified 4hr demand zone.
This temporary upward movement is envisioned...
Hey tradomaniacs,
welcome to another free trading-setup.
GBP/USD: Daytrade-Execution
Market-Buy-Order: 1.38425
Stop-Loss: 1.38180
Point of Risk-Reduction: 1.38670
Take-Profit: 1.39100
Stop-Loss: 26 pips
Risk: 0,5% -1%
Risk-Reward: 2,50
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more?...
as we mentioned before this bank level is still important for us although news affect on this especially in eurusd but gbpusd still valid for buy
you wanna trade like us join us
IMPORTANT:
(1) GBPUSD is in WIDE RANGE with tendency of upward break while lower break is going to be due to 1H showing down range for now
(2) I prefer BUY for now though the two signal is trade-able
Good Luck.
