GBPUSD
The price action can be seen going into demand zones where price absorbs supply whilst moving down. Pro money clears supply on the down move to make way for a long whilst using the sell orders to fill their long positions. Once the last supply level has been absorbed, price will often rally quite easily through the compressed area.
Identifying this PA will give you a clue as to where price will turn and how far it will move.
Identifying this PA will give you a clue as to where price will turn and how far it will move.
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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.