cheesetoast
Short

GBPUSD Supply zone 4hr chart

FX:GBPUSD   Pound Sterling/U.S. Dollar
Price fell away sharply and has not revisited this level indicated a strong supply zone .

Likely to be more sell orders pending at 1.53780.

Initial targets set at approx 2:1 but will adjust depending on how price arrives at the supply zone .

So your looking for price to go up around 1.53 level and then you will go short ?
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Yes. Looking at how price fell away from here so quickly suggest there are still large sell limit orders from banks etc that did not get filled.
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cheesetoast PRO cheesetoast
sorry at 1.538, not 1.530
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KayJay cheesetoast
ok
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