Description:
GBPUSD Buy Idea - 4H Structure ShiftAfter a strong sell-off, GBPUSD formed a Double Bottom at 1.31991 (E point) with Liquidity Grab (LQ).Structure:CHoCH + Multiple BOS on 4H (as marked)Price broke the falling wedge / descending trendlineNow pulling back into Order Block 1.32361 - 1.32500
Plan:
Entry: 1.32450 - 1.32361 (Green Box)
SL: 1.31991 (Below Double Bottom)
TP1: 1.33382
TP2: 1.33927
Risk:
Only valid if 1.31991 holds. If daily closes below E, idea invalid.This is a trend reversal buy, not chasing. Wait for retest.AK pair, AK direction, AK trade.
#GBPUSD #Forex #PriceAction #BOS #DoubleBottom #TradingView
GBPUSD Buy Idea - 4H Structure ShiftAfter a strong sell-off, GBPUSD formed a Double Bottom at 1.31991 (E point) with Liquidity Grab (LQ).Structure:CHoCH + Multiple BOS on 4H (as marked)Price broke the falling wedge / descending trendlineNow pulling back into Order Block 1.32361 - 1.32500
Plan:
Entry: 1.32450 - 1.32361 (Green Box)
SL: 1.31991 (Below Double Bottom)
TP1: 1.33382
TP2: 1.33927
Risk:
Only valid if 1.31991 holds. If daily closes below E, idea invalid.This is a trend reversal buy, not chasing. Wait for retest.AK pair, AK direction, AK trade.
#GBPUSD #Forex #PriceAction #BOS #DoubleBottom #TradingView
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.
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.