GBP/USD 5M - How we getting on falks as you can see we have been delivered with a BOS to the upside as of recently, this has confirmed and the end to this corrective phase and the start of the next impulse.
Now that we have been delivered with that confirmation we want to see price pullback into a valid Demand zone where price in theory should set a higher low before taking its next leg higher.
I have gone ahead and higlighted a potential Demand zone for us all that we could look to buy from assuming we are delivered with the right confirmation. If you want go ahead an set an alert round 1.2064 as this is where the zone resides.
Once we see price tap into this zone provide us with good rejection and the a fractal BOS to the upside that is when we can look to execute those buys, our SL below the trough created and our TP set at the higher TF Supply zone.
Now that we have been delivered with that confirmation we want to see price pullback into a valid Demand zone where price in theory should set a higher low before taking its next leg higher.
I have gone ahead and higlighted a potential Demand zone for us all that we could look to buy from assuming we are delivered with the right confirmation. If you want go ahead an set an alert round 1.2064 as this is where the zone resides.
Once we see price tap into this zone provide us with good rejection and the a fractal BOS to the upside that is when we can look to execute those buys, our SL below the trough created and our TP set at the higher TF Supply zone.
