GBPUSD
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After anticipating a potential drop, GBP continued its rise during the opening of the Asian session and covered the London high marked on my chart. In the previous idea, we opened a risky short position with a small stop loss, and unfortunately, the stop loss was reached.
Here is the analysis on a higher timeframe (4-hour). After the price impulse at the opening of the Asian session, a fair value gap was formed. There are three scenarios: either the asset's price will continue to increase from this gap, the price will absorb the gap and form a breaker block, or the gap will be ignored entirely, and the price will continue to rise with the target being the buy-side liquidity marked on my chart.
Here is the analysis on a higher timeframe (4-hour). After the price impulse at the opening of the Asian session, a fair value gap was formed. There are three scenarios: either the asset's price will continue to increase from this gap, the price will absorb the gap and form a breaker block, or the gap will be ignored entirely, and the price will continue to rise with the target being the buy-side liquidity marked on my chart.
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