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Comments (0) GBP/USD, Latest, Live Trades, Technical Analysis

GBPUSD Live Trade 150+ Pips: Entry Analysis

GBPUSD LIVE TRADE

GBPUSD fell to 1.20 where it was anticipated that demand would be high and in this live trade more than 150 pips captured within 24 hours. 

Price returned to the post flash crash low marked as an anticipated dynamic demand zone based on historic price movement. Subsequently demand surged as anticipated and entry was targeted post-initial retraction.

The image below shows the anticipated dynamic demand level.

GBPUSD 1Day Chart

GBPUSD 1Day Chart

Taking a closer look with the 4Hr chart, the surge in demand is clearly visible as indicated by the long wick as price reversed.

GBPUSD 4Hr Chart

GBPUSD 4Hr Chart

On the 1hr chart, we can see the initial demand surge clearer as well as the brief retraction that initiated a long entry. In the candle following the initial demand surge, price briefly retracted back as low 1.209 and entry was made as it began to recover in anticipation of further climbs.

GBPUSD 1Hr Chart

GBPUSD 1Hr Chart

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