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oscardamian1010
Mar 24, 2024 11:13 AM

GBP/USD market structure liquid swep Long

British Pound/U.S. DollarFXCM

Description

GBP USD is on a bullish direction which has recently broken the higher high and it have retraced Fibonacci level of 0.786, all eyes on a buy at that Fibonacci level and a stop lost @ 1.25156 and a take profit @ 1.28925
Comments
World062021
Shall it goes on long their market open today?
oscardamian1010
@World062021 for the initial moment 4H structure is still bearish, so they might be a bearing treatment back to the purple bar on 4H Time frame and then a 0.886 bullish Fibonacci retracement on the daily time frame which will trigger the long.
Jimbon
@oscardamian1010, Yeah nice technical, if only price hold above 1.25, broke that level and all hell broke loose
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