GBPUSD Since 14th of July, Gbpusd has been retracing on daily and lower time frames.
Now it has reached a discount price level on daily.
Filled the Fair Value Gap as well.
Now, it's bouncing off the daily breaker which is an old high which is currently serving as support for price.
Will price reverse from here and continue going higher?
Or will price drop deeper?
My View: I expect price to reverse from here to continue the bullish move.
What is your view?
Drop your comments
Note
Price has given me a bullish shift in market structure, confirming my daily bullish bias and discount price levels at old high.Now i will wait for a pull back to discount levels and fvg on 1hr before i take my entry.
Look at the chart below for graphical representation
Note
Pound moving as predicted by me.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.