Hello Traders!
On GBPUSD we have seen that the price went more up than expected but it dropped down. So for now I see 2 possible scenarios on GU.
The grey zones are h4 Supply Demand Zones.
Scenario:
#1 Push up from the Support to the Supply Zone and then a big drop
#2 Break of the Support and seeing the price dropping.
--- If the price will break the support you can jump in the trade at a clean break or at the retest of the new resistance ---
What can we expect:
One of the two mentioned scenarios. Trade with confirmation.
That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.
Thank you and we will see next time
- Darius.
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