Tiestobob

GBPUSD - Coming up to a Demand zone - Bullish long term

Long
Tiestobob Updated   
OANDA:GBPUSD   British Pound / U.S. Dollar
Hello folks!

I'll be looking at going long on GU once price action comes down to the demand zone shown in rectangular area and price breaks out of the current downtrend channel. I'd be expecting lower time frame trend reversal and confirmation with new demand zones in conjunction with a clear trend up to go LONG.
Comment:
And it didn't quite get to the demand zone but still took off Bullish as expected!
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.