GBPUSD Potential 4HR Setup 28/03/2021
Potential Setup as per the below
Bias – Bearish
The Dollar is strong currently so expecting the Pound to continue bearish
Option 1 – Wait to see if price breaks and closes strong above current 1hr structure point, look for a retest of the structure and ride up to current key level.
Option 2 - Wait for price to retrace back to the key level creating a double top, taking out liquidity and then move down with bearish momentum
Bias – Bearish
The Dollar is strong currently so expecting the Pound to continue bearish
Option 1 – Wait to see if price breaks and closes strong above current 1hr structure point, look for a retest of the structure and ride up to current key level.
Option 2 - Wait for price to retrace back to the key level creating a double top, taking out liquidity and then move down with bearish momentum
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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.