GBPUSD, In Major Demand Zone.
Update: TAKE PROFIT HIT. GOOD TRADE
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From this point, i believe the market should see a strong rally up. Why?
Unfilled orders.
Few others things as well for confluence.
Eg1 - Rsi Divergence formed, Been oversold for a long period of time.
Eg2 - Current Demand area, has engulfed a previous supply, which suggests a good zone.
Eg3 - At the bottom area of the down channel
A break above the down channel would be another possible EP, but larger risk.
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From this point, i believe the market should see a strong rally up. Why?
Unfilled orders.
Few others things as well for confluence.
Eg1 - Rsi Divergence formed, Been oversold for a long period of time.
Eg2 - Current Demand area, has engulfed a previous supply, which suggests a good zone.
Eg3 - At the bottom area of the down channel
A break above the down channel would be another possible EP, but larger risk.