GBPUSD 2 hour order block - January 8, 2020
- Order block on the 2 hour has been highlighted.
- The large trend line is a daily trend line (blue) where we have a possible third touch on trend.
- Support is currently being created on this block.
- I expect price to take off once it nears the daily trend.
- TPs are at previous highs. Since we are looking on a larger trend line, Stop Loss is adjusted to be approx 30 pips below the orderblock.
- The large trend line is a daily trend line (blue) where we have a possible third touch on trend.
- Support is currently being created on this block.
- I expect price to take off once it nears the daily trend.
- TPs are at previous highs. Since we are looking on a larger trend line, Stop Loss is adjusted to be approx 30 pips below the orderblock.
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