GBP/USD Buy Setup

Updated
1D Timeframe

Transitioning from a bullish to a bearish trend.
Awaiting confirmation by the market to break the IDM (Inducement) level before proceeding further to the downside.
Alternatively, managing overbought conditions (OB-s).

15MIN Timeframe

Shifting towards a bullish direction.
Looking for market confirmation to breach the IDM level before considering an upward move.

Possible Entry:

Consider entering a trade after confirmation through IDM breakout.
These revisions aim to make the text more concise and clear, emphasizing the key points and actions to be taken in each timeframe
Trade closed: target reached
65 pips in profit for now
Trade closed: target reached
My final target has been REACHED
GBPUSDgbpusdanalysisgbpusdlongsetupkenmikenmiforexkenmifxTrend Analysis

Disclaimer