GBPUSD, In Major Demand Zone.
Update: TAKE PROFIT HIT. GOOD TRADE
--------------------------------------------------------
From this point, i believe the market should see a strong rally up. Why?
Unfilled orders.
Few others things as well for confluence.
Eg1 - Rsi Divergence formed, Been oversold for a long period of time.
Eg2 - Current Demand area, has engulfed a previous supply, which suggests a good zone.
Eg3 - At the bottom area of the down channel
A break above the down channel would be another possible EP, but larger risk.
--------------------------------------------------------
From this point, i believe the market should see a strong rally up. Why?
Unfilled orders.
Few others things as well for confluence.
Eg1 - Rsi Divergence formed, Been oversold for a long period of time.
Eg2 - Current Demand area, has engulfed a previous supply, which suggests a good zone.
Eg3 - At the bottom area of the down channel
A break above the down channel would be another possible EP, but larger risk.
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.