GBPUSD Analysis (9th April 2024)

Market Analysis PT2/2 (9th April 2024)

GBPUSD Analysis

On the 4 Hour timeframe, price action created a Bullish Change of Character after testing a 4 hour bullish orderblock. In the process, a 4 hour Bullish Fair Value Gap has formed. This indicates that price action will most likely continue bullish.

What i want to see happen later on is for price to come back to retest the 4 hour bullish Fair Value Gap. Once that happens, i will drop to the 15 minute timeframe to pay close attention to a 15 minute Bullish Change of Character to tell me that the market is shifting direction to the upside.

Super Important to wait for confirmation before entering as tomorrow there is CPI and FOMC that will cause the market the move massively.