Analysis of #GBPUSD
Hi traders, today we will have a look at #GBPUSD
the GBPUSD here is trying to go down and test its very strong demand zone near a very strong key market level around 1.18000-1.18200
this is a very strong structure support zone where the market rallied 600 pips before or 5%, I expect the market to show a bullish reaction if it comes and tests the structure support zone.
if GBPUSD goes inside the support zone I will look for a bullish reaction on the lower time frame such as a bullish candle formation or the double bottom or maybe we will get a harmonic pattern to get in buy trade if the rewards to risk are favorable and if it meets the rules for entry
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
Hi traders, today we will have a look at #GBPUSD
the GBPUSD here is trying to go down and test its very strong demand zone near a very strong key market level around 1.18000-1.18200
this is a very strong structure support zone where the market rallied 600 pips before or 5%, I expect the market to show a bullish reaction if it comes and tests the structure support zone.
if GBPUSD goes inside the support zone I will look for a bullish reaction on the lower time frame such as a bullish candle formation or the double bottom or maybe we will get a harmonic pattern to get in buy trade if the rewards to risk are favorable and if it meets the rules for entry
I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one
Thanks for your continued support!
