GBPUSD 20/05/2022

🎯POUND is about to take out last week's high, but as it's Friday I would recommend closing position on the Bearish OB. Asia range has been exceptionally tight so we could get a volatile day today. IMO we're heading to the monthly high. ITs Friday and I'm not sure if I want to trade as I had quite a successful week, but if the price will drop below the Asia range (purple box) takes out the liquidity below (pink line), there is as well OB and if price reacts there and we returns back above the day open price (yellow line) long is possible. Don't rush in to trade price is moving up now, but it's too early that London and especially the US session can attack that liquidity.

Dave-FX-Hunter ⚔

✅ PS: I will be glad if you as well share your thoughts with charts about this pair.


----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
❗❗ This is Pre-plan
That means my view can change, depending on how the price will arrive at the level and what will be happening on the M5 in my level of interest for entry. Then I will decide if I will enter or not. So please don't just blindly follow this. The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.

❗❗ DISCLAIMER
We are the only one person who is responsible for our health, relationships, success, and money in our lives. So taking a risk on the markets based on this idea is only and only your decision. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. The author of the analysis does not accept liability for any loss or damage.

❗❗ Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.

Trade fermée: cible de profit atteinte: