GBP/USD 1H - This is the second pair I provided analysis for yesterday and ask you can see price has played out as predicted on this one as well, we wanted to see price trade up from this area of Demand.
Price has done exactly that, breaking out of this ranging market, we have now seen a new bull run take place. Due to the lack in volume I am expecting price to come to correct itself so with that being said I would suggest that you apply safety measures.
Look to take partials if you havent done already and make SL moves to Entry, this will get rid of any risk from the position you have placed and allow you trade RISK FREE.
Price may come to correct itself down and into the Demand zone that is below the one we entered in from, giving us a better priced area to place longs from. Its important we sit patiently and wait for price to play out.
Price has done exactly that, breaking out of this ranging market, we have now seen a new bull run take place. Due to the lack in volume I am expecting price to come to correct itself so with that being said I would suggest that you apply safety measures.
Look to take partials if you havent done already and make SL moves to Entry, this will get rid of any risk from the position you have placed and allow you trade RISK FREE.
Price may come to correct itself down and into the Demand zone that is below the one we entered in from, giving us a better priced area to place longs from. Its important we sit patiently and wait for price to play out.
