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ExtraOrdy

GBPUSD | Demand regain control for a short term buy

Long
British Pound / U.S. Dollar (FOREXCOM:GBPUSD)  
ExtraOrdy Updated   
FOREXCOM:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPUSD dolar Currencies tradesetup supply_and_demand liquidity pricesaction
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trendanalysis harmonicpatterns chartpattern gbpusd dolar currencies tradesetup supply_and_demand liquidity pricesaction
I expect GBPUSD to rise to 1.27747.
a potential demand zone was created when 1.27473 was liquidated thus negate the supply zone.
Trade active:
snapshot

GU hit 1.27585 and fail short to hit target.
GU still on demand zone there is possibility for the demand to hold considering the MSS (market structure shift) after the PDL (previous day low) was liquidated
Comment:
snapshot

supply zone is no more in control, though GU liquidate the low 1.26497 of the demand zone
react on (1.26368 - 1.25975) demand zone creating a strong impulse candles thus the sentiment for GU will bullish.
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