I expect GBPUSD to rise to 1.27747.
a potential demand zone was created when 1.27473 was liquidated thus negate the supply zone.
a potential demand zone was created when 1.27473 was liquidated thus negate the supply zone.
Trade active
GU hit 1.27585 and fail short to hit target.
GU still on demand zone there is possibility for the demand to hold considering the MSS (market structure shift) after the PDL (previous day low) was liquidated
Note
supply zone is no more in control, though GU liquidate the low 1.26497 of the demand zone
react on (1.26368 - 1.25975) demand zone creating a strong impulse candles thus the sentiment for GU will bullish.
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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.