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
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