GBPUSD - Intraday Areas of Interest 02/12/2020
#GBPUSD
I don't like to predict the direction of a market but focus on the price action in my highlighted area. As of writing price is moving away from the highlighted buying areas. Best to wait for price to come back into those areas.
Wait and see what the market does through the European session and see if you can get a pull back into the the highlighted BUY area which the VWAP is cutting through.
RED: SELL
GREEN: BUY
Utilise any moving average you like, and determine your base.
BUY LOW / SELL HIGH
Or
BUY STRENGTH / SELL WEAKNESS
Happy trading
I don't like to predict the direction of a market but focus on the price action in my highlighted area. As of writing price is moving away from the highlighted buying areas. Best to wait for price to come back into those areas.
Wait and see what the market does through the European session and see if you can get a pull back into the the highlighted BUY area which the VWAP is cutting through.
RED: SELL
GREEN: BUY
Utilise any moving average you like, and determine your base.
BUY LOW / SELL HIGH
Or
BUY STRENGTH / SELL WEAKNESS
Happy trading
