More downside on the GBPUSD to come.
More downdise before we can see some reversal on the GBPUSD pair, since we just passed Demand zone on both weekly and daily.
On weekly we broke DZ @ ~1.50, and then broke daily DZ @ ~1.48.
Enter short at retracement on H4 SupplyZone (1.4675-1.4700) Try to time entry on H1 (or M30)
Target on this trade is ~1.40. But i recommend to take 2/3 of your lots if we hit next DZ @ ~1.4450
On weekly we broke DZ @ ~1.50, and then broke daily DZ @ ~1.48.
Enter short at retracement on H4 SupplyZone (1.4675-1.4700) Try to time entry on H1 (or M30)
Target on this trade is ~1.40. But i recommend to take 2/3 of your lots if we hit next DZ @ ~1.4450
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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.