GBPUSD Buy Setup

GBPUSD

Hello traders,

This is my Gbpusd trade idea. Just as i predicted last week that GU will likely buy this week in lower time frames, now it seems GU is ready to start this week bullish run, hence this setup.


Reasons Behind The Setup:

1. Daily structure is bullish
   
   
2. Price retrace to discount price levels on daily
   
   
3. Retest old high on daily.
   
   
4. Price retest 4Hour discount price Order block.
   
   
5. Price created a shift in market structure on 1hour time frame.
   

What do you see on your chart?

Kindly share your thoughts in the comment section, will be reading them.

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Komentarz:

GU has been bullish as expected.