GBPUSD Trading with supply and demand
#GBPUSD Forecast
Last Friday market made an upside move at minor resistance level 1.3850. My bias is still bearish because market is still making lower low and will continually drop unless it breaks the downtrend market structure. In the chart i have pointed out the major supply & demand levels. I am hoping market will still keep falling to the demand zone by making downtrend structure. My short sell entry point is in the area of minor support 1.3870. With a decent price action i see it falling to the demand area and we look for price to push up higher from that demand area.
Traders, if you like this idea or have your own opinion about it, write in the comments.
Last Friday market made an upside move at minor resistance level 1.3850. My bias is still bearish because market is still making lower low and will continually drop unless it breaks the downtrend market structure. In the chart i have pointed out the major supply & demand levels. I am hoping market will still keep falling to the demand zone by making downtrend structure. My short sell entry point is in the area of minor support 1.3870. With a decent price action i see it falling to the demand area and we look for price to push up higher from that demand area.
Traders, if you like this idea or have your own opinion about it, write in the comments.
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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.
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.