GBPUSD – Murrey Levels Redrawn

17.04.2024

H4: Against the backdrop of changes in volatility, the Murrey levels on the chart have been redrawn. Currently, the price is around the (6/8) mark. The price is held above this level, and against this background, we consider a scenario with the price rising towards the line of the daily super trend. This scenario will be canceled if the price consolidates below the (6/8) level.

Trading decision: Buy at 1.2425, TP at 1.2575.