Envious_

GBPUSD Long Idea

Long
FX:GBPUSD   Sterlina / Dollaro
Price has broken through the 4hr fractal high indicating that GU wants to push higher, also price moved aggressively upwards in a really short amount of time and it broke past the previous higher high and created a higher low indicating that an uptrend is going to continue. We will wait to see if price retraces back to 61.8 fib area where there is a support level underneath it and if price rejects this level and shows signs of buyers then this will be an excellent trade setup. However, there is currently a breaker block acting as a support from the previous high for the small push downwards that GU has made so we could see price coming back up to test the order block's resistance. Hope this analysis helps and good luck traders :)

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