GBPUSD has experienced some strong bullish movements recently, and is now at a local supply zone. This presents opportunities for traders to open positions.
Based on the strong bullish movement, bulls can wait for a break and retest of the local supply zone before going long/adding to their long positions.
Bears, on the other hand, can look to short the pair now at the local supply zone, with a stop loss a few pips above the local supply zone.
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Best of luck traders!
Based on the strong bullish movement, bulls can wait for a break and retest of the local supply zone before going long/adding to their long positions.
Bears, on the other hand, can look to short the pair now at the local supply zone, with a stop loss a few pips above the local supply zone.
Be sure to follow me for more ideas and analyses. Leave a like and a comment with your thoughts below, all input is appreciated.
Best of luck traders!