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AlkalineFX
Nov 7, 2021 10:39 AM

GBPUSD: Time for Reversals? Long

British Pound/U.S. DollarFXCM

Description

Price pushed down and aggressively wiped out a significant previous order block on the hourly timeframe.

This may now give buyers the opportunity to switch the trend.

We can ONLY take this trade if we see a BOS as illustrated.

Once we get the BOS and the equal highs are broken, we could look to use the new demand region for buys.

If we don't see this, then the trend must be respected and sells remain valid.
Comments
JustTradeSignals
Besjana
sorry OB at 1.34629* 😅
Besjana
Is it possible that the price will come back and react at 5 m OB at 1.38360? it's cleaner... and took out all the equal lows...
kimstandgraph
Let it shine
engabood1982
It could be the journey to 1.4 at least
Mihai_Iacob
excellent! Thanks
ForexTrendline
Nice one, thanks man!
CONDELLO_13
I had the exact same prediction
nimzihirwapaulo
thanks the same thought
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