My Next Week View On GBPUSD
Updated
GBPUSD GBPUSD is still bullish.
But since we just took out external liquidity, I will wait till it retrace back inside the bullish range to rebalance an imbalance or find support at the 4H order block.
I will be buying GBPUSD at any of the discount PD arrays on 4H.
I will keep buying GBPUSD till we reach the 1.30043 level on weekly and monthly or till we have a shift in market structure on 4H.
Looking at the fact that we are currently at weekly and monthly premium, i expect price to give a some sort of retracement on 4H for smart money to accumulate more positions at any of the 4H discount arrays like FVG, Order Block etc, giving price the necessary support it needed to push up deeper into higher time frame premium arrays.
Trade active
Started the week with bullishness as expected.Trade closed: target reached
1.3 profits target has been achieved.
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