In the current GBPUSD situation, we can observe on the H4 time frame that the price has grabbed sell-side liquidity. We see inducement above, and there are two points of interest zones above as well. At this point, we can plan a buy trade by catching a potential reversal move, and we may also plan a with-trend sell trade from the upper zone for added opportunities.
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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.