GBPUSD analysis using Supply&Demand

SteveF

Master Trader
Oct 17, 2019
89
9
49
66
GBPUSD.jpg

GBPUSD is in a very interesting position. Supply and demand boundaries define the borders for future movement. Upside:Break 1.3000 we should go to 1.3400. 1.2780 is key support level for a break downside, then past 1.2650 into 1.2500
 
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SteveF

Master Trader
Oct 17, 2019
89
9
49
66
GBPUSD.jpg

Hi Symphony Trading - for me, I need to see a break below 1.2878 to get bearish - daily chart is bullish in my opinion in a bull flag. It could very well go lower of course, but I wait to see what the 1.2878 challenge brings.....
 

SteveF

Master Trader
Oct 17, 2019
89
9
49
66
GBPUSD.jpg

Hi Symphony trading, you were correct on the move down and hope you took advantage of it. A key level has broken and we'll see if this bearishness continues .....
 

SymphonyTrading

Active Trader
Sep 9, 2019
41
5
34
I was looking at XAUUSD also looking bearish on a daily frame. I see support at around 1480 and lesser at 1460 which it's already broke thru. The candles are in heiken-ashi. My target at around 1430
 

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SteveF

Master Trader
Oct 17, 2019
89
9
49
66
Hi - unfortunately my broker account only has forex pairs, no gold or other metals. I look at any pairs made from USD, GBP, EUR, JPY, CAD, NZD and AUD
 
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