currencynerd

short term buy for long term sell.

Long
FX:GBPUSD   British Pound / U.S. Dollar
from a swing point of view I had a short bias but going down further to intraday timeframes , I noticed price still has room to go to the upside. On the 4hr price is trading in a bearish channel , I see price breaking out of it forming clear full OCLH candlesticks above it . Price is coming from a liquidity pool ranging from 1.33005 to 1.32967 which price traded around for some time and consolidated around the pool in smaller timeframes from 5MINUTE - 30MINUTE. Price eventually gained enough bullish momentum to push price up. Targets are at previous 4hr demand zone which I expect to act as supply in the future , the previous zone is also a daily supply supply CP/ORDER BLOCK , where I will be looking to execute long term swing short orders.

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