$GBPUSD - Buy to break Highs

Very low risk trade to see if the third time approaching this/these levels will be the charm that breaks them. The only worrisome idea is the time/price theory. Not exactly the best time to make a trade, you only want to make trades during the London Killzone (open), NY Killzone (Open) and the London Close. After that, it's aa guess consolidation game where smart money will slow it's roll and accumulate orders moving into the next days trading. It's either going to make a short quick liquidity run and snatch those highs before starting to fall more rapidly. Or it will start retracing lower now and come back to this level at a later date to take out those highs. I'm making a very low wager with sufficient R:R for it to be worth the loss. It just doesn't make sense that it would leave a daily high and a swing high just out of reach after making two big moves towards that area within the last 24 hours, creating a "resistance" area. Nah, that area will be broken, I'm just betting it will happen sooner than later.

There are a few levels I will be watching on the way down for bounces to move upwards if it does not complete as projected in this idea. Those areas are 1.31250, 1.31600, 1.31800, 1.32050 and 1.32300 all areas near bullish order blocks, but it will be the time and price action surrounding that when getting to the price levels that will determine on if I will react to make a trade

If it does go higher and break these highs that I currently want broken, then these same levels I would look toward for take profit areas.

Double Bottom. I wouldn't be surprised if It trades right through the equal lows.

AND IT WAS 1.32050 THAT was the pivot Putting a fib on the situation it just tagged the 70.5% retracement