GBPUSD 4H: 27/12/2022
Updated
There are 2 scenarios in front of price:
1. Price can break Support and continue downward move. (I follow this scenario).
2. Price has a bulish reaction to Support and rise to fill liquidity voids.
Previous Idea is still valid:
💡Wait for update!
🗓️27/12/2022
🔎 DYOR
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Comment
Price had a bullish reaction to support. Now we should wait for reaction to 1.20 to 1.215 (demand zone).
If price stay below demand zone we expect mor fall.
Trade closed manually
As you can see, the price had a perfect reaction to our new demand zone that we mentioned before and had more than 200 Pips fall.I hope you use this analysis.
I will post a new TA ASAP.
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