GBP/USD 15M - You will notice that this pair has recently tapped into a level of demand below and has shown great signs of rejection, from here we want to see this bullishness continue and for structure to break to the upside.
In doing so we will have the confirmation of bullishness as structure would have broken to the upside concluding the current higher timeframe bearish move and suggesting the start of its next bullish correction.
As always once we are presented with a break of structure we can look for price to pullback into a relevant demand zone created from the initial impulse that broke the structure, this is where we can look to buy from.
I have highlighted three potential Supply zones that may flip the bullish structure once price taps into them, so if you haven't done already mark out those zones as areas to potentially take profit from with the buy positions we are looking to place.
In doing so we will have the confirmation of bullishness as structure would have broken to the upside concluding the current higher timeframe bearish move and suggesting the start of its next bullish correction.
As always once we are presented with a break of structure we can look for price to pullback into a relevant demand zone created from the initial impulse that broke the structure, this is where we can look to buy from.
I have highlighted three potential Supply zones that may flip the bullish structure once price taps into them, so if you haven't done already mark out those zones as areas to potentially take profit from with the buy positions we are looking to place.
