The upward momentum for GU seems weak!

JohnnyTranFx Updated   
FX:GBPUSD   British Pound / U.S. Dollar
After a long upward trend on the H4 timeframe, the price has now reverted to the H4 demand zone. The momentum appears to be moving sideways rather than straight up. In my personal opinion, if the H4 continues its upward trend, there will likely be a liquidity sweep in the H4 area (wide sideways range) before a decisive direction is determined.

Our suggested action at this time: If you are a swing trader, continue to wait and observe.
Waiting for next entry


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.