Hello Traders! The current market structure on the daily timeframe indicates a bearish trend, suggesting a potential for short positions. I anticipate the price will extend its retracement upwards to address the existing imbalance. My strategy involves waiting for the price to reach and then rejecting the bearish order block, particularly around the...
Tendency is Downtrend will reach 1.2250 then will try to get retract to 1.2400 then will be down again
GBPUSD has recently broken out from a range that dates back to June 2018. There's not much in the way of the current rally and price is quickly approaching a relatively strong supply zone. Keep an eye on price action at lower time frames as it approaches the sell zone for potential shorts. There is a strong possibility that this supply level will fail to hold and...
Expecting price to hit the new take profit zone and the area and not go bellow the currently given demand zone.
Pivot: 1.1750 Most Likely Scenario: long positions above 1.1750 with target at 1.22440 in extension. Comment: the RSI shows upside momentum.
GBPUSD Weekly long - long term
My analyse about GBPusd. Please leave a like and a follow if you like it! LFX