GBPUSD Possibilities for 1/3/2024

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The GBP USD has been quite bullish overall for past month. It seems to be waning and there are going to be more selling opportunities in the short term. This post idea is based on Smart Money Concepts. Indicators used are Fluid Trades - SMC Lite and the Hull Suite by Insilico. My idea is th capture the trade in the direction the market will start to move as the day approaches the London Open. I have set up a buy stop on one side of the price and a sell stop on the other side of price as to trap the market. I am using the hourly candles and recommendation is to capture 30 - 40 pips in the final direction of the market for the day.

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