Andrewagbolo

GBPUSD REVERSAL STRUCTURE (ACCUMULATION)

Long
FX:GBPUSD   British Pound / U.S. Dollar
SMC TRADE SETUP, BASIC ACCUMULATION STRUCTURE/REVERSAL PATTERN.

For simplicity price has moved from a down trend to a ranging market, ranging market has now broken the previous lower high signifying a sign of strength (SOS), we anticipate price to return to the demand zone filling all price inefficiency then the uptrend will proceed.
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.