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InfiniteY
Mar 20, 2024 8:02 AM

GBPUSD, time to LONG/BUY? Long

British Pound/U.S. DollarFXCM

Description

After rising sharply in the first week of March, the GBPUSD corrected over the following two weeks.

Yesterday, we came across a large liquidity zone in the OTE. The price immediately reacted upwards. So I went long on the market.

Today, I'm going to focus on buying, while keeping an eye on the big economic announcements expected this afternoon, which will bring a great deal of volatility.

The next target is the psychological 1.30000 level.

Don't hesitate to post a comment to tell me what you think, and a boost on this post if you liked my analysis!

Have a great weekend! Happy trading :)
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