British Pound / U.S. Dollar
Updated

Technical Analysis : GBPUSD Bullish interest around 1.26700

229
Technically speaking at the moment I don't see any reasons I enter a long. But I am seeing signs of bullish interest. snapshot

On the daily timeframe, this region has witnessed significant upward reactions historically. I am hopeful for a similar reaction once again.

Now that we have revisited this order block, I am anticipating a reaction on the 4-hour timeframe that could lead to a shift in market structure. This would enable me to seek a bullish retracement for a potential entry. I do appreciate these wick rejections from the daily order block when observed on the 4-hour timeframe. They indicate the presence of participants who are strategically positioned around this area. snapshot

Will keep this updated but again I want to see some stronger reactions on the 4H timeframe in order to seek a trade.
Note
Follow up. We now have a change of character. Price is holding as expected Waiting on a stronger pullback for the entry or a BOS. Depends on how market is at the BOS. Will keep updating.

snapshot
Trade active
snapshot Executed
Note
Price is still looking bullish : Got a price liquidity rejection on that order block. Still holding this 4H buy into next week.

snapshot
Trade closed: stop reached

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