GBPUSD - 24 January 2022
In HTF, price is reacting off daily supply, we get a 4H CHoCH and 15m trend change into bearish OF. Recently price gives some reaction to the 4H demand and take out some BSL to refuel the bearish momentum. Now the 4H OB Demand has failed, we expect price to continue lower. However, in 15mTF, we can clearly see price is losing bearish momentum based on the descending nature, price could give a pullback in the near future, price could pullback to the 15m D2S in premium and continue lower.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.