AlfonsoMoreno

GBPUSD Forex cross pair supply and demand analysis forecast

Long
FX_IDC:GBPUSD   British Pound / U.S. Dollar
GBPUSD Forex cross pair supply and demand analysis forecast, buy opportunities.

GBPUSD Forex cross pairs is rallying sharply creating very strong imbalances on the daily timeframes as expected and mentioned in previous long term supply and demand analysis done a few days ago for GBPUSD Forex monthly chart.

We were expecting price to rally from that monthly imbalance and that's exactly what is happening on GBPUSD Forex cross pair. Check previous GBPUSD long term supply and demand analysis to learn the exact details of that longer term analysis

There are two strong new daily demand imbalances created on GBPUSD Forex cross pair daily timeframe. Only longs area allowed in an uptrend, no shorts allowed, as simple as that. There are only three trading decisions to be made every time we look at a chart, either we buy, we sell or we do nothing. In this case we should be taking action since we have very strong impulse, selling is not possible so the only direction we should be thinking of trading is longs, bullish bias and forecast for GBPUSD Forex cross pair.

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