A possible area to short GBPUSD
We see a possible area of supply, starting around 1.36258. Notably there may be imbalance and a lack of buyers just below this zone (highlighted yellow). Often this imbalance is a source of liquidity. A great way to spot this is to use Volume profile!
I do not currently have limits set, I have set an alert and will look to enter this position on 1 - 5 minute timeframes, IF I see a good setup.
Not financial advice, don't blindly follow signals.
I do not currently have limits set, I have set an alert and will look to enter this position on 1 - 5 minute timeframes, IF I see a good setup.
Not financial advice, don't blindly follow signals.
Note
This one left without me. The zone is still valid, I'll reassess when price returns
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.
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.