Hello Traders!
The current market structure on the daily timeframe indicates a bearish trend, suggesting a potential for short positions. I anticipate the price will extend its retracement upwards to address the existing imbalance.
My strategy involves waiting for the price to reach and then rejecting the bearish order block, particularly around the...
GBPUSD has recently broken out from a range that dates back to June 2018. There's not much in the way of the current rally and price is quickly approaching a relatively strong supply zone. Keep an eye on price action at lower time frames as it approaches the sell zone for potential shorts.
There is a strong possibility that this supply level will fail to hold and...
