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LewisFXBlue
Aug 9, 2023 8:30 PM

Long on GBPUSD  Long

British Pound/U.S. DollarFXCM

Description

Hello Everyone,

Above is anlaysis for the GBPUSD l believe there to be a good long opportunity approaching.

Current market price appears to be breaking LTF lows (liquidity sweep), below that area are two strong confluences that aid the opinion of a long postion. Firstly, a tested orderblock and secondly, a FVG just below. Using this high area of supply we can look to place our entry point just above the FVG.

SL is placed below the 50% level of the FVG with TP being Daily Highs.

Looking to place a Buy limit order with about 20 pip SL and TP of 80

Different trade layout than normal trying out a few different things lately, comment thoughts below and LETS CATCH THOSE PIPPSSSSS
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