LIVE Analysis ON GBPSEK
GBPSEK is currently in a Weekly Supply nested inside Monthly Supply, although it isnt fresh sells are considered on lower timeframes with confirmation.
Reasons of taking the Trade :
- Broke Trendline
- Imbalance departure away from zone
- Broke mini opposing demand level
A fresh supply zone with great odds to go short on, price has established signs of strong zone, noted on the break of structure and other factors that confirm this zone, digging down to 4Hr you'll see a refine zone to go short on.
2 Supply Areas nested within a Daily supply, Under a Monthly and Weekly Down Trend equals a potential down fall for this pair.
Daily supply established two odds that help us declare this pair will fall at the 2 noted 4Hr supply zones, those two odds are Break of structure and Imbalance away from the zone and other odds are also seen
Definitely going to be...
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