GBPUSD MARKET ANALYSIS

 Good morning traders, I hope you're all doing well and you've had a splendid trading week. Into the markets today I'm looking at GBPUSD where price broke the key H1 & H4 supply zone at 1.26570 & 1.26100 and formed a higher high on H1 & H4 at 1.27000 confirming a potential shift in market structure to bullish. Price retraced to retest the broken H1 & H4 supply zone as new demand before a continuation of the prevailing bullish trend. Took buy positions during London session at 1.26500 with SL at 1.26300. Setup taken is a rally base rally, a continuation setup and my target is at 1.27700, the major H4 high and supply zone for the major H4 range to be filled. 
 






Comments

Popular Posts