GBP/USD 1H - With this market I believe bullishness is to continue until we see price tap into the Supply zone I have highlighted above.
I have tried to identify Supply zones fractally that price can trail and tap back into, allowing us to get an entry but with a lack in volume over the course of the week and then to be hit with the CPI price has disregarded multiple areas of interest.
I will be looking to sell into this market once we are delivered with with penetration, rejection and a break of structure to the downside from the Supply zone above.
Until then we can look to buy into this market we just need to find an adequate entry buy looking for valid Demand zones fractally. More analysis to follow with this pair!
I have tried to identify Supply zones fractally that price can trail and tap back into, allowing us to get an entry but with a lack in volume over the course of the week and then to be hit with the CPI price has disregarded multiple areas of interest.
I will be looking to sell into this market once we are delivered with with penetration, rejection and a break of structure to the downside from the Supply zone above.
Until then we can look to buy into this market we just need to find an adequate entry buy looking for valid Demand zones fractally. More analysis to follow with this pair!