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DariusFxTrading
May 26, 2020 9:37 AM

GBPUSD short - Supply Demand - h4 - UPDATE Short

British Pound/U.S. DollarFXCM

Description

Hello Traders!

Quick Update on GU. Price went up to the Supply Zone. Now let's see how the price will respond to this zones. After a nice Price Action Signal we can jump into shorts. The Take Profit is the Support Level.

I also marked a possible Retest. This could be a nice opportunity to add positions or to jump into the trade.

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.

Comment

still no confirmation yet. We are waiting
Comments
TradeGodfather
Do you still consider it valid after it kinda broke resistance level?
DariusFxTrading
@GabrielStockex, still possible scenario to go down. yes. because we got another zone right behind
JorvikPrince
Seems to be showing no signs of slowing! Could it reach 1.24, maybe higher?
DariusFxTrading
@JorvikPrince, Yes you are right. Price simply went up. If this h4 candle will close bullish we will definitely see 1.24
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