Daniel.Dalo

GBPUSD - Good swap level for key supply zone

FX:GBPUSD   British Pound/U.S. Dollar
122 0 0
Many opportunities appear on this pair to go long as very strong demand zones are forming, but we have to be aware of the bigger picture here, on the daily timeframe , the yellow dashed line is a major resistance level, so if price doesn't close above those highs before coming back to the demand zone just below, I wouldn't feel confident about the possible profits on these trades.

On the other side, if any supply level appears soon enough, that could be a very nice opportunity to go short, being aware of where the demand levels are to take profits accordingly and moving the stops to breakeven as soon as we can.
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