Potential Reversal in GBP/USD Amid Liquidity Sweep and Divergenc
Updated
Hello friends,
In the GBP/USD chart at the end of this week, we saw a decline that brought the price to the liquidity area below the 4-hour lows. There is a 4-hour and daily order block in this area, which the price reacted to. Order blocks below liquidity areas, like equal lows, are usually valid and receive good price reactions. We are also considering the divergence between GBP/USD and EUR/USD, and since both have reached strong areas, a potential reversal is likely. As we approach market close, the continuation is expected next week. Always use confirmations for entries.
In the GBP/USD chart at the end of this week, we saw a decline that brought the price to the liquidity area below the 4-hour lows. There is a 4-hour and daily order block in this area, which the price reacted to. Order blocks below liquidity areas, like equal lows, are usually valid and receive good price reactions. We are also considering the divergence between GBP/USD and EUR/USD, and since both have reached strong areas, a potential reversal is likely. As we approach market close, the continuation is expected next week. Always use confirmations for entries.
Trade closed: target reached
Hello friends, our first target has been reached. Thank you for your patience. If you would like an analysis for the second target, please leave a comment and request it. Wishing you profitable trades
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