GBPUSD short - Head and Shoulder - Supply Demand - h4

29 Apr 2020

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.