Position Trade - GBPUSD
Monthly:
- Price is overall still trending down but reaching to monthly supply zone again, after it has rebounded from demand zone
Consider placing a pending SELL order on the Monthly as the zone is fresh for long-term holding for SELL trades
Weekly:
-Similarly, as the price is high in the curve (monthly), we would be looking and waiting for sell trades.
- Consider placing pending SELL orders on the Weekly as the zone is fresh for long-term holding for SELL trades
Daily:
-Potential sell order to be placed once price nears the supply zone (which is near/nested within Weekly & Monthly supply zones)
An alert has been placed on 2 Jul 2023)
Monthly:
- Price is overall still trending down but reaching to monthly supply zone again, after it has rebounded from demand zone
Consider placing a pending SELL order on the Monthly as the zone is fresh for long-term holding for SELL trades
Weekly:
-Similarly, as the price is high in the curve (monthly), we would be looking and waiting for sell trades.
- Consider placing pending SELL orders on the Weekly as the zone is fresh for long-term holding for SELL trades
Daily:
-Potential sell order to be placed once price nears the supply zone (which is near/nested within Weekly & Monthly supply zones)
An alert has been placed on 2 Jul 2023)
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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.