GbpUsd is set up for long term sell.
Looking at daily time frame you will observe price formed BOS while on a downward trend the previous week. That triggered a bullish liquidity sweep to previous supply region, which also was a resistance zone.
Upper liquidity have been fully filled, expect long term bearish trend which will get to daily demand zone, which was previously a support.
Below previous break of structure before upper liquidity movement, daily printed equal low liquidity zones which will likely not hold as demand zones.
Looking at daily time frame you will observe price formed BOS while on a downward trend the previous week. That triggered a bullish liquidity sweep to previous supply region, which also was a resistance zone.
Upper liquidity have been fully filled, expect long term bearish trend which will get to daily demand zone, which was previously a support.
Below previous break of structure before upper liquidity movement, daily printed equal low liquidity zones which will likely not hold as demand zones.
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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.