Darius17
Short

GBPUSD short - Supply Demand - h4 - UPDATE

FX:GBPUSD   British Pound / U.S. Dollar
Hello Traders!

I adapted the chart on GBPUSD for you guys. Price went up like expected but it went more up. Still not a problem for our analysis because we got 2 order blocks there. I marked them on the chart as one big zone. Price then shows us indecision candle which indicates us that the market do not know which direction to take. Therefore we could see a nice drop now. The thing is that I do not like the latest candles. No clear sign of bearish power. This is why I marked 2 possible scenarios on the charts because we could go still higher on GU.

My bias is still short on GU because of the overall structure, ... everything explained in my previous analysis with chart explanation. Check it out if you are a new follower. I put the links down below for you.

That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions.

Thank you and we will see next time
- Darius.
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Comments

Darius17 haque_stockszone
@haque_stockszone, thanks for sharing
Reply
Thanks for all your hard work Although there was a rally upwards I still believe is will come down More bearish than Bullish The dollar is on its way to become stronger ????? Keep well
Reply
Darius17 DanielLubbe
@DanielLubbe, Thanks bro. Yeah I also see it more bearish. Let's see what the DXY will do
Reply
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