GBPUSD - 4h
Overall trend is downtrend, and I am looking for a sell position.
We should wait and see what will happen.
There are 2 possibilities:
1. (Green line)
Price increases the supply zone, then drops. Besides, supply and Fibo 78.6 are overlapped.
2. (Red color)
Price increases and reaches the support zone, then drop. Supply zone in between Fib 61.8 & 78.6.
(DO NOT ENTER WITHOUT ANY CONFIRMATION)
We should wait and see what will happen.
There are 2 possibilities:
1. (Green line)
Price increases the supply zone, then drops. Besides, supply and Fibo 78.6 are overlapped.
2. (Red color)
Price increases and reaches the support zone, then drop. Supply zone in between Fib 61.8 & 78.6.
(DO NOT ENTER WITHOUT ANY CONFIRMATION)
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