The Bias is downtrend but already created a new highs and lows would it break the zone and continue the new trend or it will respect the zone and just bounce to create corrections.
This pair already created a lot of impulse movement and now around the supply zone filling the order imbalance.
We have plot the supply and demand zone already. Now observing if this...
IN GBP/USD Head and Shoulder Structure is forming and there is also a sign of distribution happened in this currency pairs.
We are already in Phase C and UPTAD is probably forming. It is not safe to place any investment here yet and more confluence is still needs to be confirmed. We are expecting for a breakout and retest. When the pullback happened it will give...
Sell Limit @ 0.71521
SL @ 0.73521 (200 PIPS) 20$ LOST IF
0.01 Lot Size
TP1 @ 0.71006 (52 PIPS) 5.2$ Gain
TP2 @ 0.69852 (167 PIPS) 16.7$ Gain
TP3 @ 0.68821 (267 PIPS) 27$ Gain
TP4 @ 0.67632 (389 PIPS) 38.9$ Gain
TP5 @ 0.66120 (540 PIPS) 54$ Gain
Potential Lost if
ALL SL : 100$
Potential Win if
ALL TP: 141.8$
