Long

GBPUSD Forecast for bullish position on Demand Zones 1H

Updated

Following the macro timeframes, GBPUSD has respected the market structure pretty well now expecting to do the same waiting the confirmations on micro timeframes like 15M and 5M

Comment

NFP got us very close to the trade idea. Patience until the micro timeframes confirm, you may get a better RR

Order cancelled

Trade idea is no longer valid. Just woke up and the price went below the demand zone. There is a new demand zone created on 1H timeframes and looks potencial for buys but not for very high RR

Although, if you look the other XXX/USD pairs, some started going bearish (not confirmed but breaking lows)

I'll be posting new charts soon

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.