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KudaChenjerai

GBP/USD Sell signal identified at important supply level

Kort
Brittiska pund/Amerikanska dollar (FX:GBPUSD)  
KudaChenjerai Uppdaterad   
FX:GBPUSD   Brittiska pund/Amerikanska dollar
Trend Analysis Wave Analysis Beyond Technical Analysis
10
2
trendanalysis waveanalysis beyondta
Great british pound in a sellers market indicates Sell opportunity at important supply price zone around 1.30649. Price may rebounce for a buy signal at Significant demand zone of 1.29451.
Kommentera:
-Taken profits already as price hits 1.30151 However this
indicates a short term Buy signal as price approaches demand zone
hence price is expected to continue in bearish state until it hits very significant demand zone of 1.29883
-The bearish continuation idea has been confirmed as the market struggled to cross above supply level by making new Lower lows and higher lows
-Entry position should be in your daily or H4 timeframe
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