GBPUSD: Time for Reversals?
Price pushed down and aggressively wiped out a significant previous order block on the hourly timeframe.
This may now give buyers the opportunity to switch the trend.
We can ONLY take this trade if we see a BOS as illustrated.
Once we get the BOS and the equal highs are broken, we could look to use the new demand region for buys.
If we don't see this, then the trend must be respected and sells remain valid.
This may now give buyers the opportunity to switch the trend.
We can ONLY take this trade if we see a BOS as illustrated.
Once we get the BOS and the equal highs are broken, we could look to use the new demand region for buys.
If we don't see this, then the trend must be respected and sells remain valid.
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