GBPUSD TRADE IDEA
GBPUSD has ad a break of structure on the 1H and 4H timeframes. now price is at the 4h orderblock and a FVG on the 1h. i would like to see a good rejection at this level accompanied with a break of structure on maybe the 5min to go short on this pair. COT data shows institutions are more on the long side of the USD than GBP, so I believe this might be a trade that pans out. Anyway this is just my opinion, if you have anything to add or an opposing view, I would like to hear from you.
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.