AlgoTradingGroup

GBPUSD HEADING TOWARDS DAILY FVG FILL?

Long
FX:GBPUSD   British Pound / U.S. Dollar
Good afternoon everyone again,

GBPUSD has taken out last monthly low. It may look bullish until atleast daily FVG fill until we can see further drop.

We may look to buy at an optimal entry marked in the chart around 1.06135 - 1.04741

There is a heavy sell volume on this pair so any buy trade we take would risk 0.50% (half than usual)

The movement also depends on how DXY (USD Index) moves

This is not a signal, this is just our view on GBPUSD currently
Trade active:
Active and running in our channel

Comment:
Above trade exited at breakeven

New Buy Limit

Trade active:
Moving SL to Entry

Entry adjusted to 50% FVG

Comment:
Trade active:
Sell running


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