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JosephGikuni
Mar 16, 2022 12:50 PM

GBPUSD BUY INTRADAY Long

British Pound / U.S. DollarFOREX.com

Description

Liquidity pool is resting above previous days high.
During london session open price rallied and traded through previous days high.
Dealing range has been defined by the price leg that broke the old highs.
I am anticipating price to retrace back into the range.

Entry Confirmation
1. New York Session Open.
2. 70.5% Fib level retracement level.
3. 1hr orderblock at price 1.30692.
4. Entry price is 5pips below key level 1.30750.
5. Entry price is old highs(break and retest).
6. Entry price rest inside Fair Value Gap.

Trade active

Trade closed: target reached

+35pips

Comment

Entry was at key level 1.30750
Comments
BrownSeahorse
The retracement was exactly at 62%
JosephGikuni
@BrownSeahorse, exactly mate. hope you profited from it.
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