By analyzing the 4H chart of GBPUSD we can see that it broke above the supply zone at 1.3306 to 1.3318, and then even broke above the bearish breaker, but failed to break above the 4H FVG High at 1.3384, and is now being traded at around 1.3337.
I expect GBPUSD to retest the Bearish Breaker once more and break above it, then go for the FVG High at 1.3384 level. If it does break above the FVG, we could see Cable go towards the 1.34 pyschological resistance level.
Targets: 1.3350, 1.3365, 1.3380 and 1.3395.
However, if GBPUSD fails at retesting the FVG High, it could drop back down towards the 1.3318 level. Should it fail at stabilizing above 1.3318, further drop towards the 1.3280 level is likely to happen.
Targets: 1.3320, 1.3310, 1.3300, 1.3290 and 1.3280.
I expect GBPUSD to retest the Bearish Breaker once more and break above it, then go for the FVG High at 1.3384 level. If it does break above the FVG, we could see Cable go towards the 1.34 pyschological resistance level.
Targets: 1.3350, 1.3365, 1.3380 and 1.3395.
However, if GBPUSD fails at retesting the FVG High, it could drop back down towards the 1.3318 level. Should it fail at stabilizing above 1.3318, further drop towards the 1.3280 level is likely to happen.
Targets: 1.3320, 1.3310, 1.3300, 1.3290 and 1.3280.
Transakcja zamknięta: osiągnięto wyznaczony cel
By analyzing the 4H chart of GBPUSD we can see that it broke above the bearish breaker and reached our final target at 1.34 level before dropping again, going as low as 1.3342, but then it recovered a bit and is now being traded at around 1.3359.I'd like to see Cable retesting the FVG High at 1.3384, considering that it has bounced up from the FVG Consequent Encroachment at 1.3351. Should it break above the FVG High at 1.3384, I expect another retesting of the 1.34 level and breaking above it and stabilizing there could send GBPUSD towards the Supply Zone at 1.3425 to 1.3433 to be tested.
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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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.