GBP/USD 15M Update - As we can see this is another pair that has played out exactly as we have predicted, we wanted to see price slow down and start to breaks structure to the upside.
In doing so this confirms that the current trend has finished and the start of a new trend is underway, as you can see we have marked out two Supply zones that can be used as place to put our TP. I have placed mine at the closet Supply zone to guarantee we achieve our TP target.
If you look at the lower timeframe structure you will see that I have gone ahead and highlighted a Demand zone from the initial impulsive wave that broke the structure, this allowing us to get in on a refined entry, setting our SL below the zone as that should protect out SL from being hit.
In doing so this confirms that the current trend has finished and the start of a new trend is underway, as you can see we have marked out two Supply zones that can be used as place to put our TP. I have placed mine at the closet Supply zone to guarantee we achieve our TP target.
If you look at the lower timeframe structure you will see that I have gone ahead and highlighted a Demand zone from the initial impulsive wave that broke the structure, this allowing us to get in on a refined entry, setting our SL below the zone as that should protect out SL from being hit.
