GBP BULLISH
GBP is in a Bullish trend on the Weekly char based on the break of structure and the reaction from Demand Zones. Here is the Weekly chart analysis:
On the 4 hours chart we can clearly see a bullish trend again the price breaking structure to the upside and reacting from Demand Zones. We can see the current range that we are in right now between the most recent high and the structural low. All Demand Zones within this range are valid to take trades from.
If we come down to the 15m chart I noted again the current range and the demand zones that are valid. I am waiting for the price to reach these demand zones and then I will go to the 1 minute chart and wait for a structural shift then enter from a demand zone.
Here is the 15m chart analysis:
Always consider your risk management. Peace.
On the 4 hours chart we can clearly see a bullish trend again the price breaking structure to the upside and reacting from Demand Zones. We can see the current range that we are in right now between the most recent high and the structural low. All Demand Zones within this range are valid to take trades from.
If we come down to the 15m chart I noted again the current range and the demand zones that are valid. I am waiting for the price to reach these demand zones and then I will go to the 1 minute chart and wait for a structural shift then enter from a demand zone.
Here is the 15m chart analysis:
Always consider your risk management. Peace.
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