GBPUSD Approaching Supply Zone (Resistance)


Click here to view the chart.
– GBPUSD approaching a supply zone
– The Zone confluences with the 50% Fib Retracement of the  AB down move as well as the daily 100/200 EMA.
– Observe price action around the zone &  look for shorting opportunities possibly using lower timeframes.
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This entry was posted in Fibonacci, Forex, GBPUSD, Misc. Setups, Support (Demand) - Resistance (Supply). Bookmark the permalink.

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