GBPUSD
Swing trade idea:
Price is currently bearish in the higher timeframe and as we can see on the chart, price is nearly done the pullback phase and is approaching the supply zones marked above. I will be looking to take a short position from either one of the supply zones with a confirmation in the lower timeframes. Price is still very bearish until it violates the zones and of course once it creates new highs and higher highs.
Price is currently bearish in the higher timeframe and as we can see on the chart, price is nearly done the pullback phase and is approaching the supply zones marked above. I will be looking to take a short position from either one of the supply zones with a confirmation in the lower timeframes. Price is still very bearish until it violates the zones and of course once it creates new highs and higher highs.
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