Why GBPUSD will continue going up
As we can see Price respected the Demand level and changed directions
Our CHoC was broken and price kept making new Higher highs and higher lows to confirm that buyers/bulls are in control of the Market and signifies an uptrend
We have a new higher high that the price looks like it'll break through it and that will confirm the volume of the bulls is high, also our weak low shows how our Bears are inferior
The best choice would be to wait for a breakout of the recent Higher high and place our buy entries after, as this would have confirmed buyers are in total control and would give us more winning opportunities
If somehow the market breaks the Solid low then this invalidates bulls and show that bears are in control.
Our CHoC was broken and price kept making new Higher highs and higher lows to confirm that buyers/bulls are in control of the Market and signifies an uptrend
We have a new higher high that the price looks like it'll break through it and that will confirm the volume of the bulls is high, also our weak low shows how our Bears are inferior
The best choice would be to wait for a breakout of the recent Higher high and place our buy entries after, as this would have confirmed buyers are in total control and would give us more winning opportunities
If somehow the market breaks the Solid low then this invalidates bulls and show that bears are in control.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.