GBPUSD - Supply or Demand ⁉️
Here are my zones and levels for this morning, please update them as you go through the day.
Bears are likely to push price past the Asian low to fill the remaining imbalance (Blue Box) before returning to the supply gap.
In my mind, there is no way that we will see bullish continuations until this blue box is filled so I will avoid trading at this current demand and focus on the zones below.
I am open to trading both the supply and demand but I certainly won't be taking any trades between them.
Be careful trading around round numbers, this is where we tend to see some manipulation because retail is using these levels as areas of support and resistance.
We have no real high impact news events today so we can trade freely.
Have a great day traders 🚀
Bears are likely to push price past the Asian low to fill the remaining imbalance (Blue Box) before returning to the supply gap.
In my mind, there is no way that we will see bullish continuations until this blue box is filled so I will avoid trading at this current demand and focus on the zones below.
I am open to trading both the supply and demand but I certainly won't be taking any trades between them.
Be careful trading around round numbers, this is where we tend to see some manipulation because retail is using these levels as areas of support and resistance.
We have no real high impact news events today so we can trade freely.
Have a great day traders 🚀
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