By analyzing the Hourly chart of GBPUSD we can see that after it swept away the liquidity below the 1.3358 level, it bounced back up and is currently being traded at 1.3388.
I expect Cable to break above the April 13th NWOG Low and then go towards above the 1.3423 level to sweep the buyside liquidity pool there and then retest the May 25th NWOG Low at 1.3431. A strong Break above the May 25th NWOG Low can send GBPUSD towards the 1.3460 resistance level.
However, if GBPUSD is rejected by the April 13th NWOG, it could drop back again and this time towards the 1.3349 level to sweep the liquidity below it and then bounce back up from the June 8th NWOG.
I expect Cable to break above the April 13th NWOG Low and then go towards above the 1.3423 level to sweep the buyside liquidity pool there and then retest the May 25th NWOG Low at 1.3431. A strong Break above the May 25th NWOG Low can send GBPUSD towards the 1.3460 resistance level.
However, if GBPUSD is rejected by the April 13th NWOG, it could drop back again and this time towards the 1.3349 level to sweep the liquidity below it and then bounce back up from the June 8th NWOG.
Trading ditutup: target tercapai
By analyzing the Hourly chart of GBPUSD we can see that same as EURUSD, it dropped and reached its Bearish targets first and then surged and reached its Bullish targets, going from 1.3324 all the way to 1.3433 and then it dropped, now being traded at 1.3409.Now if GBPUSD succeed in retesting the May 25th NWOG Low at 1.3431 and breaks above it strongly and then stabilizes above the 1.3445 level, it'll go towards the 1.3460 resistance.
However if it drops below the 1.3400 level and then below the April 13th NWOG Low and stabilize there, it can drop further towards the 1.3350 level.
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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
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.