GBP/USD - Long PositionHi all..
If you have been following my updates on this pair you may have been catching a few nice setups. I did in fact catch this previous impulse move which was predicted from that marked Demand zone..
What we have no though is a new trading range. This is quite an interesting range to try to breakdown as we don't really have many level to actually buy from.
All the potential levels found are all from very low TF which suggest they all possibly could be weak levels to buy from.
The only try level I currently see to buy from is the level right at the top where my first Demand zone is sitting, this is my safest Demand due to "true" market consolidation which occurs before the next impulse movement.
Its potential that the move we have seen actually isn't finished which is why i believe this range could be a good area to buy from.
for me personally its not enough confluence to set a trade idea as it doesn't meet my plan.
This is not financial advice.. Good luck to all the traders that decide to follow
