Long Trade Idea for GBPUSD
After the drop from the 1.35 price point, this pair created a large area of imbalance, and as the price reached an area of support , I expect it to retrace at lease to the 31.8 Fib line and possibly more. However, I expect a high volatility with up and down swings to pick stop losses for the Bulls.
In addition to that, the OBV on the 4 Hr time frame is showing a bullish hidden divergence which adds to the conformation of the idea.
I would love to hear your thoughts about this idea.
*** Disclaimer****
This is not a signal.
Please trade at your own risk using your own analysis.
Happy Holidays!!!
In addition to that, the OBV on the 4 Hr time frame is showing a bullish hidden divergence which adds to the conformation of the idea.
I would love to hear your thoughts about this idea.
*** Disclaimer****
This is not a signal.
Please trade at your own risk using your own analysis.
Happy Holidays!!!
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.
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.