UPDATED ANALYSIS AND PROFITS ON GBP/USDGBP/USD 1H - How we getting on folks, sorry for my absence yesterday I was stuck in London and had some things to deal with this morning, nevertheless we are here now with some updated analysis.
As you can see price played straight into our hands from this Sunday Sessions video, trading us down and into the Demand Zone I highlighted as an area for us to buy in from. Price did go on to profit well for us.
Moving forward I am wanting to see some bearish structure being put into this market and the reason for this is because we have now had a break in structure to the downside.
As we know a break suggests a reversal in trend, so in this instance it would be bullish structure to bearish structure, I have gone ahead and marked out an area of interest I feel price may pullback into, giving us the opportunity to enter in short.