I am looking to take a buy position on GBP/USD, given the current market conditions. The price action has been drawing liquidity below the London open price, and on the 15-minute timeframe, a fair value gap has formed. The most recent candlestick closed below the London open price, indicating potential for a price rebound. I plan to enter a buy trade at the fair value gap, anticipating that the price will move back towards or above the London open level.
Note
70+ points in profit awaiting London open
Trade closed: target reached
TP hit
Trend Analysis

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