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kate25
Sep 7, 2018 4:07 AM

GbpUsd Long

British Pound/U.S. DollarFXCM

Description

Resist turns support at first demand. I would expect first demand to hold. If first demand is lost then a test on the bottom demand will occur. Targets above, top supply has not been tested yet.
Comments
Deep-Peat-Shark
Hi Kate. What do you have below bottom demand? Can the weekly cross trend be tested as demand?
kate25
@ArnaudKleinveld, No I doubt it will retest that weekly cross trend. I went back to the base and took the first structure above the base. I took demand where the buyers over took the sellers in the structure. Price rarely gets back to the base but often plays the first structure above it
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