As with what I did on EUR/USD, I will be marking out important levels on GBP/USD’s 15-minute chart, highlighting market-moving events. Let the color scheme below be your guide:
Green – previous day high and low (PDL)
Blue – previous week high low (PWL)
Pink – day open price (DO)
Purple – week open price (WO)
Black – major (00s) and minor psychological (50s) handles (will also be called MaPs and MiPs)
I hope this helps!
To start things off, here’s my very first chart review on GBP/USD:
What do you guys think? Tune in here everyday to get more chart reviews of GBP/USD!