GBPUSD short UPDATE - Supply Demand, First TP hit, Stopp Hunting

Hello Traders!

Great day yesterday for GBPUSD. Price dropped down to the Support Level like in the last analysis explained. I always recommend to take profit at such important Support and Resistance Levels but I would never recommend trading from Support to Resistance Levels. Banks are aware from such Support and Resistance Levels therefore if you are not an experienced trader who is waiting for final Confirmation and are aware of the behavior of that specific Currency Pair, then you will be victim to Stopp Hunting by banks and financial institution. For Supply and Demand Traders we simply need to know that this is a possible returning point, therefore we put there our Take Profit level to close our Trade or we split our trade in more Take Profit Points. It depends on your trading plan.

What can we expect:
On GU I expect more downside movement. Price went up to grab more liquidity from the Supply Zone. Also there is the important Resistance Zone. I marked everything on the chart. I expect a continuation to the downside.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.