Educational GBPUSD Long 4/15/24
On a high time frame POV, price has dopped to the 0.5 fib and tapped into a liquidity level.
On the Medium time frame, you can see price has shifted into an uptrend, making HHs and HLs.
You can see this morning price dropped to its golden pocket area. Along with the golden pocket, we had the previous day POC, and the developing day VAL.
On the low time frame, price dropped to create a failed auction below our NY IB. I went long on the reclaim of the IB Low.
My TP1 was hit at the VWAP, I will look for TP2 at the dVAH/IB high.
On the Medium time frame, you can see price has shifted into an uptrend, making HHs and HLs.
You can see this morning price dropped to its golden pocket area. Along with the golden pocket, we had the previous day POC, and the developing day VAL.
On the low time frame, price dropped to create a failed auction below our NY IB. I went long on the reclaim of the IB Low.
My TP1 was hit at the VWAP, I will look for TP2 at the dVAH/IB high.
Penafian
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