GBPUSD has been trading within a channel for close to a month now and with price coming to the "third tap" of the trend line and the EMA it is likely we will see a "fakeout". For us retail traders we can't control to market but we can anticipate a clear and obvious move.
Using smart money concepts on the 1H time frame we can see
Within this order block we are able to refine it to a much smaller zone and assume price will reach this zone before continuing it's downwards move.
Let's see how this one plays out.
Using smart money concepts on the 1H time frame we can see
Within this order block we are able to refine it to a much smaller zone and assume price will reach this zone before continuing it's downwards move.
Let's see how this one plays out.