GBPUSD has two liquidity pools resting under yesterday's low, that could trigger a breakout to the upside. It's also a red folder news day which would be a perfect opportunity for market makers to move the price.
Look out for reversal patterns (breaking of short-term highs, wicks to the downside).
We are in a strong uptrend in the higher timeframes so shorting is probably not a good idea.
Look out for reversal patterns (breaking of short-term highs, wicks to the downside).
We are in a strong uptrend in the higher timeframes so shorting is probably not a good idea.
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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.