Technical View GBPUSD
Updated
Price now broken the liquidity area 1.2270 which has been broken in the recent periods and also re-tested more times , so price now was closing above this area with bullish engulfing candle , so it is expected to reach higher lvels at 1.2400 in the case of bullish move confirmation.So follow our updates to know the entry point.
Confluences:
1-Price is moving above EMA 200.
2-Primary structure is upward HH , HL.
3-Price has broken liquidity area.
Confluences:
1-Price is moving above EMA 200.
2-Primary structure is upward HH , HL.
3-Price has broken liquidity area.
Trade active
Note
Price is still respecting the liquidity area and Fib 50% , so it is expected to resuming the bullish move.Note
Note
waiting for bullish candle to confirm the entry point
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.