Monthly
-Pound reach all time low $1.1940 back in Sept 2019, last time at this level was October 2016.
-If current momentum continue price push higher, this double bottom will probably be valid & solid.
-Now price has trending upward of 700+ pips and reach M1 supply zone.
Weekly
-W1 supply zone coincide with M1 supply zone.
Daily
-D1 supply zone also coincide with W1 & M1 supply zone.
-Supply zone is now tested basically short setup is prefer, to identify LTF supply & demand zone.
-For now, prefer price to consolidate a while on current level before slowly grinding back lower(healthier/stronger uptrend).
-Price could trend higher easily in the future.
-Pound reach all time low $1.1940 back in Sept 2019, last time at this level was October 2016.
-If current momentum continue price push higher, this double bottom will probably be valid & solid.
-Now price has trending upward of 700+ pips and reach M1 supply zone.
Weekly
-W1 supply zone coincide with M1 supply zone.
Daily
-D1 supply zone also coincide with W1 & M1 supply zone.
-Supply zone is now tested basically short setup is prefer, to identify LTF supply & demand zone.
-For now, prefer price to consolidate a while on current level before slowly grinding back lower(healthier/stronger uptrend).
-Price could trend higher easily in the future.
Comment:
Weekly
-Price has come to weekly supply, shall look for short setup but will actually prefer wait & see since Brexit news still all over the place.
Weekly
-Price has come to weekly supply, shall look for short setup but will actually prefer wait & see since Brexit news still all over the place.
Comment:
-A nicely long opportunity at M15, but sadly miss the chance.
-A nicely long opportunity at M15, but sadly miss the chance.
Comment:
-HTF supply zone was engulf, on technical side it is bullish.
-But price has been sensitive to Brexit news, reckon to stay put for now.