By analyzing the hourly chart of GBPUSD we can see that after sweeping the liquidity below the 1.3500 level, it bounced back up but dropped again and is now being traded at 1.3505, below the April 27th NWOG Low and inside the April 20th NWOG, and above the consequent encroachment of the gap which is at 1.3503.
Now if Cable holds above and stabilize above the Consequent Encroachment of the gap, further drop towards 1.3486, the bullish OB and then 1.3460 is expected. If GBPUSD breaks above the 1.3507 level strongly, next targets for it will be at 1.3518, 1.3530 and 1.3542 levels respectively.
In my view, Cable will go higher if it stabilizes above the NWOG C.E., but there are several obstacles ahead of it, the so called resistances which are the Lows and Highs of the Inefficiencies and the Consequent Encroachments.
However I believe that GBPUSD will go higher, maybe not with high speed, but eventually 1.3542 will reached.
Now if Cable holds above and stabilize above the Consequent Encroachment of the gap, further drop towards 1.3486, the bullish OB and then 1.3460 is expected. If GBPUSD breaks above the 1.3507 level strongly, next targets for it will be at 1.3518, 1.3530 and 1.3542 levels respectively.
In my view, Cable will go higher if it stabilizes above the NWOG C.E., but there are several obstacles ahead of it, the so called resistances which are the Lows and Highs of the Inefficiencies and the Consequent Encroachments.
However I believe that GBPUSD will go higher, maybe not with high speed, but eventually 1.3542 will reached.
Trade wurde manuell geschlossen
Well hello folks, hope you are having a good day.As you can see, GBPUSD managed to reach the TP2 at the 1.3530 level, but then it failed to go through and stabilize above the April 27th NWOG High and it started to drop. GBPUSD went as low as 1.3495 before bouncing back up from there and reaching 1.3518 again, and is now currently being traded at 1.3510.
Now, if GBPUSD fails to go through and stabilize above the April 27th NWOG Low, we could see it drop again towards the 1.3500 level. If this support level is lost, further drop towards 1.3489 and then below the 1.3484 level to sweep the liquidity pool there is likely.
However, if GBPUSD stabilizes above the 1.3507 level it can go towards the 1.3518, 1.3530 and 1.3542 levels again.
Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Free channel: t.me/AmirAliTrading_Official
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Wanna join the Gold, Forex and Crypto Premium channel or do you wanna start the mentorship? Contact me: t.me/Amirali_Trading
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.