Key Decion Level on GBPUSD Daily
GBPUSD is at key decision level with confluence zone of:
- 1:1 Symmetry
- 1.272 Ext
- Resistance
- Trendline
- Median Line
On Daily chart the GBPUSD is at a key level, however the uptrend on H4 is still intact but showing exhaustion. Best to wait for Demand zone to be taken out on H4, and then short it on a retrace at Supply level on H4 in order to have a confirmation of a reversal and very tight stop to maximise R/R.
- 1:1 Symmetry
- 1.272 Ext
- Resistance
- Trendline
- Median Line
On Daily chart the GBPUSD is at a key level, however the uptrend on H4 is still intact but showing exhaustion. Best to wait for Demand zone to be taken out on H4, and then short it on a retrace at Supply level on H4 in order to have a confirmation of a reversal and very tight stop to maximise R/R.
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.