GBPUSD LONG Opportunity
Güncellendi
On the daily GBPUSD is bullish. Currently in a retracement.
Retraced to 0.5 fib. Waiting for development. There are two scenario's I take into account.
scenario 1 (green path): retracement is already done. Then I wait for a break of the purple slope trendline and take a long at a retest of the trendline.
scenario 2(red path): retracement is not yet done. There is a Fair Value Gap to fill. So a lot of liquidity is there. You also can see, two equal lows. That's inducement. Probably a lot of stops are directly under those lows. Market will hunt them.
Once FVG is taken, I will enter on a bullish sign.
Most likely scenario 2.
Retraced to 0.5 fib. Waiting for development. There are two scenario's I take into account.
scenario 1 (green path): retracement is already done. Then I wait for a break of the purple slope trendline and take a long at a retest of the trendline.
scenario 2(red path): retracement is not yet done. There is a Fair Value Gap to fill. So a lot of liquidity is there. You also can see, two equal lows. That's inducement. Probably a lot of stops are directly under those lows. Market will hunt them.
Once FVG is taken, I will enter on a bullish sign.
Most likely scenario 2.
Not
new equal lows are made exactly at fib 0.618. Wait for a while.
Scenario 2 is still most likely
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