GBPUSD long but also short possible, Supply Demand, Liquidity
For the GBPUSD we can expect both directions. I marked the exact zones on the charts.
My bias is actually long. We have seen the price going up very strong the last couple of days. The reason for that was because we dipped below weekly range. There was a lot of liquidity located.
Currently the price is between daily Demand Zone and Supply Zone and the price action created liquidity on both sides. Still I see more liquidity at the Supply Zone which the market could easily grab.
Be aware of every possibility and trade carefully.
What do you think?
My bias is actually long. We have seen the price going up very strong the last couple of days. The reason for that was because we dipped below weekly range. There was a lot of liquidity located.
Currently the price is between daily Demand Zone and Supply Zone and the price action created liquidity on both sides. Still I see more liquidity at the Supply Zone which the market could easily grab.
Be aware of every possibility and trade carefully.
What do you think?
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