Buy Limit GBP/USD short term sell longer term buy bias

5 thg 4, 2022

1.28250 is the area that I am interested in looking for longs for cable GBP/USD. My analysis is based off of divergence, technical analysis and understanding institutional concepts. I believe that the price wants to rise higher and needs a point from where it can gain momentum to get there. So, from what I can see on a smaller timeframe, it may be likely that this particular area of interest is from prior price action and order volume which lead to the breakout of major structure. Patiently waiting to see what happens.

Disclosure: *Trading foreign exchange carries a high level of risk. Trading is not for everyone and losses could easily exceed investment capital. Results are not typical. Use proper risk management and smaller lot sizes to protect accounts.