GBPUSD high & low timeframes are providing a potential long position for the coming week.
What we have here is a market that is trapped between two large psychological levels - 1.4100 & 1.3800.
From a bounce at 1.3800 the market has been shifting direction from downside to upside with its momentum and a lot of liquidity sitting above 1.4000 could draw prices higher this week. I am looking for the market to move over 1.4000 and potentially push an additional 100 pips into 1.41000.
Right now I am focusing on the demand zone & key level 1.38750 for my entry zone to bring this market higher.
Trade safe & manage risk as always.
What we have here is a market that is trapped between two large psychological levels - 1.4100 & 1.3800.
From a bounce at 1.3800 the market has been shifting direction from downside to upside with its momentum and a lot of liquidity sitting above 1.4000 could draw prices higher this week. I am looking for the market to move over 1.4000 and potentially push an additional 100 pips into 1.41000.
Right now I am focusing on the demand zone & key level 1.38750 for my entry zone to bring this market higher.
Trade safe & manage risk as always.
Subscribe to my YouTube channel for deep educational videos & analysis every week!
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.
Subscribe to my YouTube channel for deep educational videos & analysis every week!
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.