***GBPUSD short POTENTIAL***
I have mapped out RED confluence zones where price can reverse short term. These zones are also known as Daily Demand and Supply Zones.
I believe price will continue its downtrend within the Trends lines mapped out in black. There is also a dynamic trend line that has so far been respected which is the Green 21 SMA.
Price is currently in a RED Supply Zone and also touching the 21 SMA. There is strong potential for price to drop.
I am just waiting for some confirmation from the 4hr candles.
Feedback is welcomed
R
I believe price will continue its downtrend within the Trends lines mapped out in black. There is also a dynamic trend line that has so far been respected which is the Green 21 SMA.
Price is currently in a RED Supply Zone and also touching the 21 SMA. There is strong potential for price to drop.
I am just waiting for some confirmation from the 4hr candles.
Feedback is welcomed
R
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.