Long Trade Idea for GBPUSD

102
After the drop from the 1.35 price point, this pair created a large area of imbalance, and as the price reached an area of support , I expect it to retrace at lease to the 31.8 Fib line and possibly more. However, I expect a high volatility with up and down swings to pick stop losses for the Bulls.
In addition to that, the OBV on the 4 Hr time frame is showing a bullish hidden divergence which adds to the conformation of the idea.

I would love to hear your thoughts about this idea.

*** Disclaimer****
This is not a signal.
Please trade at your own risk using your own analysis.

Happy Holidays!!!

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.