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NoahXBorg
Oct 6, 2021 7:07 AM

GBPUSD Dual-Direction Idea 

British Pound/U.S. DollarFXCM

Description

As price plays around the 1.36000 level. There are 2 possibilities based on the strength of the USD

As of the current moment, the DXY broke above the highlighted level of 94.000 and is currently trending higher showing strength in the USD amid the ADP Non-Farm Employment Change later today.

Buy on the retest of:
  • Trendline
  • Level 1.36000
  • Minor Order Block
  • Weak USD Report
    ~ With bullish candlestick and patterns


Sell on the break and retest of :
  • Trendline
  • Level 1.36000
  • Minor Order Block
  • Strong USD Report
    ~ With bearish candlestick and patterns
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