For this week, I expect GBP/USD to retrace back to the clean, unmitigated 18-hour demand zone before pushing back up toward the 7-hour supply zone that I previously marked. If this move doesn’t play out as expected, I anticipate price will first mitigate the 7-hour supply zone before slowing down and distributing within my point of interest (POI).
From there, I’ll be watching for a short move back to the 18-hour demand zone, where I plan to enter buys and continue trading in alignment with the overall market trend. Since price is currently near both POIs, I’ll be keeping a close eye on this setup.
Confluences for GU Buys:
✅ Strong bullish trend with consistent breakouts to the upside.
✅ 18-hour demand zone remains unmitigated and was the origin of the last bullish move.
✅ 7-hour supply zone above that also needs to be mitigated.
✅ The Dollar Index (DXY) has been very bearish, further supporting GBP strength.
Alternative Scenario:
If price reacts strongly from the 7-hour supply zone and breaks below the 18-hour demand, I’ll shift my focus to my next buy zone around 1.25200.
Wishing everyone a profitable trading week—let’s finish it in BLUES! 🔵
From there, I’ll be watching for a short move back to the 18-hour demand zone, where I plan to enter buys and continue trading in alignment with the overall market trend. Since price is currently near both POIs, I’ll be keeping a close eye on this setup.
Confluences for GU Buys:
✅ Strong bullish trend with consistent breakouts to the upside.
✅ 18-hour demand zone remains unmitigated and was the origin of the last bullish move.
✅ 7-hour supply zone above that also needs to be mitigated.
✅ The Dollar Index (DXY) has been very bearish, further supporting GBP strength.
Alternative Scenario:
If price reacts strongly from the 7-hour supply zone and breaks below the 18-hour demand, I’ll shift my focus to my next buy zone around 1.25200.
Wishing everyone a profitable trading week—let’s finish it in BLUES! 🔵
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