flapitheking

GBPUSD Long. Daily Bullish OB x BPR

Long
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
First of all, there's an obvious SMT divergence between DXY, EU, GU where EU is really weak and there's relative strength supporting GU. I was looking for a return to the daily bullish ob and a BPR on the 1H TF. With relatively strength supporting GU, I wanted London's high gone and the fact that it just rested below an institutional level (1.36200) was icing on the cake. Seeing the drop into OTE between yesterdays NY low and Todays London high made the cake red velvet flavoured lol. London High gone, hence bsl taken and smart money wins once again.

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.