GBPUSD - Good swap level for key supply zone

FX:GBPUSD   British Pound / U.S. Dollar
Many opportunities appear on this pair to go long as very strong demand zones are forming, but we have to be aware of the bigger picture here, on the daily timeframe , the yellow dashed line is a major resistance level , so if price doesn't close above those highs before coming back to the demand zone just below, I wouldn't feel confident about the possible profits on these trades.

On the other side, if any supply level appears soon enough, that could be a very nice opportunity to go short, being aware of where the demand levels are to take profits accordingly and moving the stops to breakeven as soon as we can.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out