Analysis of GBP/USD W chart Pic 3
Here we see how price movement would look on the Weekly chart in the event of a BOS on the 4H chart. We have liquidity (LQY) areas that the price could potentially target.
On the Weekly chart, the price is still bullish, but a structural change on the 4H and Daily charts would lead to the price sweeping the marked liquidity below in order to create a higher low on the Weekly chart and continue in the bullish structure.
Above all, we must be patient enough to see what happens with the price during the next week so that we know how to react and capture pips.
On the Weekly chart, the price is still bullish, but a structural change on the 4H and Daily charts would lead to the price sweeping the marked liquidity below in order to create a higher low on the Weekly chart and continue in the bullish structure.
Above all, we must be patient enough to see what happens with the price during the next week so that we know how to react and capture pips.
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