On GBPUSD, we have a bearish setup after the news on the dollar and the possibility of a debt ceiling bailout. We have a price that, after forming a demand zone at 1.23200, rose towards 1.2440 where we have a supply zone with a highlighted short setup in blue. I will be looking for an entry point there.
Looking at the chart, one would see that the latest LowerHigh has been broken out and CHOCH has been formed, after which the market has come back to the area of order block/imbalances, so therefore, a buy should be expected...That is what I feel. Let me know if I make sense.
Forex48_TradingAcademy
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Yes of course, I agree with you. I predict that the market could push higher. Following the forex48 strategy, I will only aim for a short trade. Still great view!