GBP Order Block analysis
Updated
Just tried to make it very simple as possible. Wasn't really looking at GBPUSD like that this week, but I decided to see if there was an opportunity in the market.
This looks like a nice risk to reward factor for gbpusd.
I looked for an impulse move to the down side because the trend is in a downtrend.
Marking the last bull candle. the target was the last bear candle to the impulse move to the upside.
This OB method is just supply and demand.
This looks like a nice risk to reward factor for gbpusd.
I looked for an impulse move to the down side because the trend is in a downtrend.
Marking the last bull candle. the target was the last bear candle to the impulse move to the upside.
This OB method is just supply and demand.
Comment
Even though targets havent been met yet, we are looking to enter a buy on the 15 min ob candle. Just posted a analysis.
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