GBPUSD big short - WHY? - Supply Demand, Fib Level
On GBPUSD I see a nice short possibility. The price is currently at the daily Supply Zone. This area is also a strong level of monthly Resistance. Definitely an area for the market to give us a bigger retracement.
As we all know the GBPUSD is super bullish. It started a nice Impulsive / Correction pattern from the monthly Support. Right now the market is creating the next continuation movements - the next impulsive. The thing is that we are at that monthly Resistance + daily + weekly Supply Zone. From here we can definitely expect a Retracement. I see it going to to the 0.5 Fib Level because we got good structure there.
Another potential returning point is the h4 Demand Zone.
After this overall bearish movements I expect the continuation to the upside. Target 1.4000
What do you think ?
As we all know the GBPUSD is super bullish. It started a nice Impulsive / Correction pattern from the monthly Support. Right now the market is creating the next continuation movements - the next impulsive. The thing is that we are at that monthly Resistance + daily + weekly Supply Zone. From here we can definitely expect a Retracement. I see it going to to the 0.5 Fib Level because we got good structure there.
Another potential returning point is the h4 Demand Zone.
After this overall bearish movements I expect the continuation to the upside. Target 1.4000
What do you think ?
✔️ Inner Circle ⭕️
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
linktr.ee/dariusfx
✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.