GBP/USD Long with 19.0 R/R - 300 pips potential
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.
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.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.