GBPUSD: A RECAP
The 4 hour time price action had been making higher highs and higher lows
indicating strong bullish nature as there were imbalances as it went up
For it to further go up it needed liquidity, so the market collected the 1 hour liquidity low and then made a trend line break and change of character indicating the continual of the trend
the targets have been placed based on the previous highs because these are the areas of high liquidity and these possess the power to cause a reaction and affect the trend.
I actually missed this trade as I was looking at USDJPY and EURUSD at that time for trade opportunities
indicating strong bullish nature as there were imbalances as it went up
For it to further go up it needed liquidity, so the market collected the 1 hour liquidity low and then made a trend line break and change of character indicating the continual of the trend
the targets have been placed based on the previous highs because these are the areas of high liquidity and these possess the power to cause a reaction and affect the trend.
I actually missed this trade as I was looking at USDJPY and EURUSD at that time for trade opportunities
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