GBPUSD - Coming up to a Demand zone - Bullish long term
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.
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.
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And it didn't quite get to the demand zone but still took off Bullish as expected!