barry_fxtrader

Potential Long Scenario for GBPUSD

Long
FX:GBPUSD   British Pound / U.S. Dollar
I have gone back to basics with this analysis and using simple price action to illustrate how higher highs and higher lows help build a bigger picture. What I have also done is highlight simple structure analysis which every trader in my opinion needs to understand to be effective.

Price is currently sat at Daily Structure. I lean towards a more bullish bias for this pair due to price action however I have also highlighted a bearish target should price drop below the current strucutre level.

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