It’s been a while since I last shared a trading idea. For this pair, GBPUSD generally moves inversely with the DXY. Currently, the price is consolidating, and a reversal pattern has formed on the higher timeframe, supported by the break of the HTF trendline, though it failed to create a new lower low.
This suggests price may retrace before continuing its bullish move. We could look for shorting opportunities based on price action, but always wait for price to tap into the supply order block before entering.
All the best!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
This suggests price may retrace before continuing its bullish move. We could look for shorting opportunities based on price action, but always wait for price to tap into the supply order block before entering.
All the best!
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Trade active
80pips and running, looking good. Trade closed manually
TP1 hits (i have closed manually), 105pips done. 
_S.Fx_
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.
_S.Fx_
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.