Get started
makuchaku

GBPUSD (4H) : Trapped sellers

Long
British Pound / U.S. Dollar (OANDA:GBPUSD)  
makuchaku  
OANDA:GBPUSD   British Pound / U.S. Dollar
Supply and Demand Candlestick Analysis Multiple Time Frame Analysis makuchaku GBPUSD btmm trapped-traders ict ictorderblock ictbreaker marketstructure
3
0
supplyanddemand candlestick mtfa makuchaku gbpusd btmm trapped-traders ict ictorderblock ictbreaker marketstructure
The recent gap up in GBPUSD left a bunch of sellers trapped below the monthly lows.
When price comes back to them, they would love an exit - giving us a long entry!

Also : DXY seems to be moving lower, thereby confirming the up direction in GBPUSD.
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.