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ExtraOrdy
Jan 25, 2024 11:45 PM

GBPUSD | Demand regain control for a short term buy  Long

British Pound / U.S. DollarFOREX.com

Description

I expect GBPUSD to rise to 1.27747.
a potential demand zone was created when 1.27473 was liquidated thus negate the supply zone.

Trade active



GU hit 1.27585 and fail short to hit target.
GU still on demand zone there is possibility for the demand to hold considering the MSS (market structure shift) after the PDL (previous day low) was liquidated

Comment



supply zone is no more in control, though GU liquidate the low 1.26497 of the demand zone
react on (1.26368 - 1.25975) demand zone creating a strong impulse candles thus the sentiment for GU will bullish.
Comments
TheFxAce
Your perspective on the uptrend is well-constructed and informative.
ExtraOrdy
@TheFxAce, thank you
ExtraOrdy
@TheFxAce, high impact news coming up, i hope it goes well
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