GBP/USD 30M - As you can see above price has traded us down and into an area of interest we have marked out from this weeks Sunday Sessions video.
Now price has traded us down and into this zone we are expecting enough Demand to be introduced to encourage price to flip balances and instigate the new higher timeframe Impulse.
As you are all aware this market is predominantly bullish and up to now has been putting in a bearish corrective wave, this could be the point of reversal and somewhere I feel we could go long from.
Its a case of waiting for a break in structure to confirm this reversal, once we have this break, price tells us that now Demand is in power and we can expect longer term bullishness, giving us the opportunity to buy in.
Now price has traded us down and into this zone we are expecting enough Demand to be introduced to encourage price to flip balances and instigate the new higher timeframe Impulse.
As you are all aware this market is predominantly bullish and up to now has been putting in a bearish corrective wave, this could be the point of reversal and somewhere I feel we could go long from.
Its a case of waiting for a break in structure to confirm this reversal, once we have this break, price tells us that now Demand is in power and we can expect longer term bullishness, giving us the opportunity to buy in.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.