DariusFxTrading

GBPUSD big short - WHY? - Supply Demand, Fib Level

Short
FOREXCOM:GBPUSD   Funt Brytyjski/Dolar USA
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 ?

✔️ Inner Circle ⭕️
linktr.ee/dariusfx

✔️Instagram: instagram.com/dariusfxtrading

✔️ Telegram(german): t.me/dariusfxtrading

✔️ Top Broker💯 my.roboforex.com/de/?a=skxb
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.