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Paul_FRX

2023.08.08 GU LTF could go to either direction

British Pound / U.S. Dollar (FX:GBPUSD)  
Paul_FRX  
FX:GBPUSD   British Pound / U.S. Dollar
Beyond Technical Analysis ict ictconcepts ictsetup icttrader ictorderblocks ictfairvaluegaps ictote
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beyondta ict ictconcepts ictsetup icttrader ictorderblocks ictfairvaluegaps ictote
Since HTF bias of GU is neutral, I will take a LONG or SHORT position depending on how price reacts at the 1.28000 area. If it touches that area and shows that it wants to reject that area by showing a displacement to the downside with fair value gaps, it is likely that it will continue down to take below sell side liquidity or bullish order block levels.

Or, if it touches the 1.28000 area and does not show any evidence of rejection, it is likely to continue to move up to take above buy side liquidity or bearish order block levels

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Paul_FRX
2023.08.08 GU HTF Bias: NEUTRAL
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