Strong momentum to the downside left FVG on 4h timeframe yesterday.
I will be looking for price to retrace up to 1.353 zone before entering shorts.
And if price loooks to struggle on upside.
Price may go up and take out stoplosses above latest high aswell.
For TP look for support at 1.325
Keep in mind FOMC which will move the price
later today on 18th of June.
SL above 1.3650
Entry 1.3533
TP 1.32500
I will be looking for price to retrace up to 1.353 zone before entering shorts.
And if price loooks to struggle on upside.
Price may go up and take out stoplosses above latest high aswell.
For TP look for support at 1.325
Keep in mind FOMC which will move the price
later today on 18th of June.
SL above 1.3650
Entry 1.3533
TP 1.32500
Order cancelled
Invalid trade idea. I never took this setup. Gbp is clearly in a uptrend. Wait for price to break above highs and see what price actions tell you from there.
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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.