GBPUSD being testing the 1.37500 key zone consistently and has failed to breakthrough. This week the possibilities are high to breakout that key level once the liquidity from the lower level is taken out.
Confluences:
1) GBPUSD is Re-Accumulating from past 1 week taking out all the early buyers and the sellers.
2) Overall Trend: Bullish in 1D, W and M TF
3) Creating Higher Lows close to 1.37500 key zone.
4) DXY looks bearish for the upcoming week.
We are expecting a smooth 250 pips trend starting from the upcoming week.
DISCLAIMER: We are not liable for any loss occurred while taking this setup. This is just an educational analysis. Trade responsibly with proper risk management. Good Luck.
Confluences:
1) GBPUSD is Re-Accumulating from past 1 week taking out all the early buyers and the sellers.
2) Overall Trend: Bullish in 1D, W and M TF
3) Creating Higher Lows close to 1.37500 key zone.
4) DXY looks bearish for the upcoming week.
We are expecting a smooth 250 pips trend starting from the upcoming week.
DISCLAIMER: We are not liable for any loss occurred while taking this setup. This is just an educational analysis. Trade responsibly with proper risk management. Good Luck.
Trade active:
As Planned, GU has taken out all the liquidity and has flown towards 1.37500. Which we planned by last Saturday.
Trade closed: target reached:
TP - 2 TAKEN