barzzTradingAcademy

DAILY H1 SETUP. BULLISH REVERSAL? OR MINOR RETRACEMENT ON GBPUSD

Long
FX:GBPUSD   British Pound / U.S. Dollar
Hello my fellow Profitable Investors and Traders,

This is my outlook on GBPUSD going into the coming days. ( DISCLAIMER; THIS IS NOT AN INVESTMENT ADVICE!!! )

On the Daily Timeframe, Price is currently Reacting to an Active Level of Demand at 1.3600, this means that there is a chance we could see a bullish
move back to 1.37800

On the H1 Timeframe, I have identified an Active level of Demand, this level will serve as my Point of Interest.

Lets Monitor price action on the retest of this level of Demand for Bullish Trading Opportunities.

Only execute according to the rules of your Edge.

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.