AS I WE CAN THIS PAIR IS IN DOWNTREND ON MONTHLY CHART, BUT SUPPLY ZONE CREATED ON MONTHLY LEVEL DOESNT REMOVED ANY DEMAND ZONE, SO WITH SOME CONFIRMATION WE CAN TRADE ON SMALLER TIME FRAME, AS ON WEEKLY SUPPLY ZONE NESTED IN MONTHLY REMOVED DEMAND ZONE AND MADE A LOWER LOW AND BROKE THE TREND ON WEEKLY, WE CAN GO SHORT ON WEEKLY GIVEN LEVEL.
THIS ANALYSIS IS...
Here as we can clearly see GBPUSD is in downtrend and price has hit weekly supply zone which is nested within monthly supply zone, so going short is the higher probability;)
