PREPARING FOR SOME BUYSGBP/USD 15M - This market is showing great signs of a continuation to the upside, as you can see price has traded recently into an area of Demand and has broken structure to the upside.
We have seen that the last high that created the lowest low trading into the Zone has been broken above, suggesting enough Demand has been introduced to take this market long.
Now the market may have gone without us right now but I am expecting price to pullback to collect more Demand in order to see price continue trading us higher. I would like to see price trade up and into the Supply Zone above.
This would be an area at which we would take profit and prepare for longer term short trades, its important we are just delivered with the confirmation needed to get involved in both trades. Once price pulls-back into our zone I will be looking for entry confirmation.