Forex48_TradingAcademy

GBP/USD New Strategy PT.3

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OANDA:GBPUSD   Libra Esterlina/Dólar Americano
Good afternoon traders! On GBP/USD, we have an interesting setup. Today, there are no major macroeconomic data releases, and the market seems to have regained good volatility after a week of little movement. The market is showing a breakout of a swing low on the H4 timeframe at the level of 1.2727, followed by a retracement to the H4 supply zone. This retracement led to the breach of the aforementioned level. In that specific range, which spans from 1.2740 to 1.2760, I will be looking for confirmation for a short entry with a target at the recent low around 1.2690 before retesting our golden zone. Let me know your thoughts, and happy trading to all.

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