SHORT - GBPUSD (2 Jul 2023)
Position Trade - GBPUSD
Monthly:
- Price is overall still trending down but reaching to monthly supply zone again, after it has rebounded from demand zone
Consider placing a pending SELL order on the Monthly as the zone is fresh for long-term holding for SELL trades
Weekly:
-Similarly, as the price is high in the curve (monthly), we would be looking and waiting for sell trades.
- Consider placing pending SELL orders on the Weekly as the zone is fresh for long-term holding for SELL trades
Daily:
-Potential sell order to be placed once price nears the supply zone (which is near/nested within Weekly & Monthly supply zones)
An alert has been placed on 2 Jul 2023)
Monthly:
- Price is overall still trending down but reaching to monthly supply zone again, after it has rebounded from demand zone
Consider placing a pending SELL order on the Monthly as the zone is fresh for long-term holding for SELL trades
Weekly:
-Similarly, as the price is high in the curve (monthly), we would be looking and waiting for sell trades.
- Consider placing pending SELL orders on the Weekly as the zone is fresh for long-term holding for SELL trades
Daily:
-Potential sell order to be placed once price nears the supply zone (which is near/nested within Weekly & Monthly supply zones)
An alert has been placed on 2 Jul 2023)
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