If you like my work hit that like & follow button.
GBP/USD is currently consolidating around Equilibrium and without any close above, there is no reason for an expansion. Yesterday´s low and reaction to my bullish OB signals strength. Therefore I am looking for a long position at EQ of that OB while taking out yesterday´s low.
Three different scenarios 1. We see GBP/USD closing a 12hr candle above Equilibrium. This would lead to an expansion. -> Less likely 2. Our Limit-orders get filled>retest of 1.29770>take out lows until 1.29000>pump --> Medium probability 3. Our Limit-orders get filled and GBP/USD respects EQ of my bullish OB. --> Likely>High probability
Therefore you can decide yourself which setup fits best for you.
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.