GBPUSD in bigger timeframe bullish momentum broke the bearish structure, the retracement is yet reaching an ideal level (0.618 of bullish wave), however it already SL hunt and pull up. I'll treat this order as bear's retracement, target around 1.1146 to 1.1186
the chart is telling:
1. Bigger timeframe bull overtakes bear
2. Small timeframe stop loss hunted with bull pull up
3. there's SL hunting zone above
4. It's Tuesday today, probably low of the week
the chart is telling:
1. Bigger timeframe bull overtakes bear
2. Small timeframe stop loss hunted with bull pull up
3. there's SL hunting zone above
4. It's Tuesday today, probably low of the week
Order cancelled
nice bull run, price reaching the target, wait for the next opportunity
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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.