Get started
KudaChenjerai

GBP/USD Sell signal identified at important supply level

Short
British Pound / U.S. Dollar (FX:GBPUSD)  
KudaChenjerai Updated   
FX:GBPUSD   British Pound / U.S. 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.
Comment:
-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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.