Back to all Ideas

GU Compression To Supply

by Gil B, February 1, 2021

GBP/USD D1 Supply And Demand, Price Action, Fundamental

by Gil Ben Hur February 1, 2021

Share

GBP/USD

|

Short

|

D1

Timeframe:

D1

Analysis Method:

Supply And Demand, Price Action, Fundamental

Analysis:

Cable is approaching by a compressed (consuming demand) to a Supply zone. At this level we find a fundamental and price action confluence, where the USD is devaluating by massive printing, and price action is perfect to expect a deep reaction to supply.

Although this supply is mid range, it also located at daily SR (support/resistance level).

Trade Plan:

Waiting for a confirmation price action as long the zone is not broken. A H1 or M15 Quasimodo pattern will allow shorting for a as low as to 1.28.

Things To Watch For:

Pay attention for the fact this supply is already being tested in the past couple weeks. Wait for a intraday confirmation PA (price action) to get your shot in, and keep risk as low as possible.

LEAVE YOUR COMMENT HERE:

View previous comments

DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account