GBPUSD Scenarios
GBPUSD has experienced some strong bullish movements recently, and is now at a local supply zone. This presents opportunities for traders to open positions.
Based on the strong bullish movement, bulls can wait for a break and retest of the local supply zone before going long/adding to their long positions.
Bears, on the other hand, can look to short the pair now at the local supply zone, with a stop loss a few pips above the local supply zone.
Be sure to follow me for more ideas and analyses. Leave a like and a comment with your thoughts below, all input is appreciated.
Best of luck traders!
Based on the strong bullish movement, bulls can wait for a break and retest of the local supply zone before going long/adding to their long positions.
Bears, on the other hand, can look to short the pair now at the local supply zone, with a stop loss a few pips above the local supply zone.
Be sure to follow me for more ideas and analyses. Leave a like and a comment with your thoughts below, all input is appreciated.
Best of luck traders!
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.