GBPUSD 5/11/23

Nov 5, 2023

second pair for this week British pound to the US dollar we have a pretty similar set up here to Euro where we have broken down our 5 minute structure towards the end of market session on Friday giving us a new bullish range with a swing low and swing high in place we have a liquid low around 50% of our range so we'll be looking for this to be ran as price pulls back to fulfil some of the unmitigated price lower down and overall watching the low that we just spoke about and our swing poi for bullish continuations heading into this week.

Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.

We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!