GBP/USD 1H - Looking for potential long positions on this market, as you can see we have been delivered with a higher timeframe break of structure to the upside.
This suggests that the Supply in the market is no longer in control and we are now seeing the Demand take over, we should be looking for areas of Demand to take part in this market from.
I have gone ahead and marked out two potential areas of interest we can look to go long from, we just need the right confluence to enter in on this market.
Confirmation will come via a fractal break in structure to the upside from the bearish correction that has traded us lower in the market. Once we have been delivered with that we have grounds to look for an entry.
Its important we wait for the right confluence before jumping into a trade this just increases our probability of being successful when placing trades in the market.
This suggests that the Supply in the market is no longer in control and we are now seeing the Demand take over, we should be looking for areas of Demand to take part in this market from.
I have gone ahead and marked out two potential areas of interest we can look to go long from, we just need the right confluence to enter in on this market.
Confirmation will come via a fractal break in structure to the upside from the bearish correction that has traded us lower in the market. Once we have been delivered with that we have grounds to look for an entry.
Its important we wait for the right confluence before jumping into a trade this just increases our probability of being successful when placing trades in the market.
