TradingView
AlgoTradingGroup
Sep 26, 2022 12:27 PM

GBPUSD HEADING TOWARDS DAILY FVG FILL? Long

British Pound/U.S. DollarFXCM

Description

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

Comments
RLinda
Nice post. THanks)
AlgoTradingGroup
@RLinda, Thanks
KABHI_FOREX_TRADING
Perfect Monthly Level
AlgoTradingGroup
@vishvam-fx, Thanks
Tolberti
Nice and detailed!
AlgoTradingGroup
@Tolberti, Thanks
linofx1
good work
AlgoTradingGroup
@linofx1, Thanks
Lingrid
Nice idea!
AlgoTradingGroup
@Lingrid, Thanks
More