GBPUSD LONG (SMART MONEY CONCEPT)
Updated
GBPUSD has been in an uptrend for a while and the order flow can still be seen to be heading north. Recently, the pair broke structure again to the upside as indicated here by the blue line before heading down south to the demand zone that initiated the break of structure (Last down move before the up move). Price has now changed character and broken structure again. Our next liquidity target now is 1.2550 which we expect to get taken out this week. The liquidity target also coincides with a trendline coming from higher time frames. Look for opportunities to get involved in the LONG from lower timeframes like 15 mins. Remember to always practice good money and Risk management.
Trade closed: target reached
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.