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UnknownUnicorn9344165
Aug 5, 2021 8:09 AM

No trade zone GBPUSD - but a foresighted view 

British Pound / U.S. DollarFOREX.com

Description

We are currently in a no trade zone in GBPUSD.
Depending on which Diamond Pocket is approached first, a setup results:

Variant A: We test the resistance above and are rejected there for the time being, target area would be the current 4h SR.

Variant B: We lose the 4h S/R here and find support at the lower Daily S/R levels.... Target would be a renewed test of the current 4h S/R.

Wait and see. Happy trading

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BullvsBear Academy

Trade closed: target reached

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