TradingView
Lawrence_G
Nov 15, 2021 11:51 PM

GBPUSD LONG PENDING Long

British Pound/U.S. DollarFXCM

Description

This is an analysis of GBPUSD that shows a promising BUY setup. From where price is, there is a lot of sellside liquidity because of the equal swing lows. That liquidity needs to be purged giving us a chance to reach the Bullish ORDERBLOCK which offers market makers a discount price since it is at 61.8 of the Fibonacci sequence. This move should occur during New York session 16 NOV 2021.
Comments
BaTCapital
Hey Lawrence, you had a great idea for this GBPUSD long, however DXY was very bullish, so GBPUSD was ranging pretty hard, and ended up not touching the order block, instead check your 15min time frame for a FVG that it touched twice before finally going long
More