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ExtraOrdy
Jan 8, 2024 2:04 AM

potential sell from supply zone | GBPUSD Short

British Pound / U.S. DollarFOREX.com

Description

GBPUSD still on weekly supply zone then creates a potential supply zone nested in weekly supply area.
i expect price to further fall to the downside into 1.25616 - 1.25023 demand zone.

Trade active

Comment

nested daily in weekly supply zone in control

Trade closed: target reached



GU on demand zone
Comments
sybil123
Thank you fou your analysis. i agree with you
Hafiz641
false
JoeChampion
Your technicals are good looking, but i think the current macro environment may be dangerous especially for USD longs... current economical data may trigger a rate cuts in march. especially if we get a soft CPI in Thursday
TheFxAce
You've made a strong analytical case for potential market declines.
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