British Pound / U.S. Dollar
Long
Updated

GBPUSD - Bullish ABCD

119
Confluences
- Strong PP at 1.4400
- 61.8% retracement holding firm (1.4400)
- Bullish engulfing candle
- CTL break (currently retesting)
- HH, HL, HH expected
Note
Seems as if the smart money just cleared a lot of stops before scooping it back up at a cheaper price.

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.