GBP/USD 4H Update - How we getting on people I hope you are all okay, I just thought I would update you all on the analysis for this pair.
As you can see price has traded us into the Supply zone that we have highlighted on the 4H timeframe. From here we are wanting to see price trade us lower.
In order for us to look to enter into this market it is important we wait for the confirmation to execute a position. Our confirmation to enter in on short positions will come from a BOS to the downside.
Once we have been delivered with a BOS to the downside we that will be the confirmation we need in order to execute, before we do place our positions we should wait for price to pull back into a fractal Supply zone.
As you can see price has traded us into the Supply zone that we have highlighted on the 4H timeframe. From here we are wanting to see price trade us lower.
In order for us to look to enter into this market it is important we wait for the confirmation to execute a position. Our confirmation to enter in on short positions will come from a BOS to the downside.
Once we have been delivered with a BOS to the downside we that will be the confirmation we need in order to execute, before we do place our positions we should wait for price to pull back into a fractal Supply zone.
