GBP/USD 1D - With this pair, I am looking to see price go short, trading us down and into the Demand Zone before taking us higher in this marker longer term. This is because this market is a bullish one longer term.
By price trading down and into the Demand Zone below we are seeing price correct itself, this gives price the chance to offload Supply and introduce Demand.
Now before price does go on to trade us lower I am expecting price to trade us higher, setting a lower high as it begins distributing, this giving us the opportunity to take the market short whilst it corrects.
We will close those short positions once price trades down and into the Demand Zone and then look to take the market long once we are delivered with the relevant entry confirmation.
By price trading down and into the Demand Zone below we are seeing price correct itself, this gives price the chance to offload Supply and introduce Demand.
Now before price does go on to trade us lower I am expecting price to trade us higher, setting a lower high as it begins distributing, this giving us the opportunity to take the market short whilst it corrects.
We will close those short positions once price trades down and into the Demand Zone and then look to take the market long once we are delivered with the relevant entry confirmation.
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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.