GU Long Opportunity, 1:7 Available
Updated
Morning ladies and gents,
With EURGBP weakness, pushing downwards off the H4 Bearish Orderblock and EURUSD pushing downwards off the D1 Bearish Orderblock. It's possible to assume that G strength is imminent.
Above we see three sets of equal highs being created, this is a high volume area that price was likely to reach into.
GU traded down into our D1 Mitigation Block.
Coming out of Asia we see a break in the bearish structure on the lowertime frames. After stop hunting below the lows of asia, price is now ready to move to the upside and take out the liquidity resting above the H4 highs as indicated by my take profit situated around the 1.4000 region.
Best of luck.
With EURGBP weakness, pushing downwards off the H4 Bearish Orderblock and EURUSD pushing downwards off the D1 Bearish Orderblock. It's possible to assume that G strength is imminent.
Above we see three sets of equal highs being created, this is a high volume area that price was likely to reach into.
GU traded down into our D1 Mitigation Block.
Coming out of Asia we see a break in the bearish structure on the lowertime frames. After stop hunting below the lows of asia, price is now ready to move to the upside and take out the liquidity resting above the H4 highs as indicated by my take profit situated around the 1.4000 region.
Best of luck.
Trade active
Note
Stop moved to BE.Note
Stopped out at Breakeven.Next area where I'll be looking for a reversal long is 1.38350
Related publications
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.