-W formation forming on the daily
-Bullish until the supply zone at 149.407-150.222
-Bounce off Demand zone and bull until supply zone as mentioned
Notes: Bulls are entering the market, just waiting to see how the gap will play out when the markets open.
Will update idea when it happens.
Have a good Sunday:)
GBPUSD is showing potential Head and shoulders on the daily, could see it hit the blue trend line and go for a bullish run to complete the right shoulder, will keep this updated.
GBPUSD is sitting on a demand zone so we are looking at a long, for next London session, we could be looking at a bullish run until the zone just sitting on top of the demand zone which is about 140 pips on top of it.
