GBPUSD 4H: 27/12/2022

There are 2 scenarios in front of price:

1. Price can break Support and continue downward move. (I follow this scenario).

2. Price has a bulish reaction to Support and rise to fill liquidity voids.

Previous Idea is still valid:

💡Wait for update!
🗓️27/12/2022
🔎 DYOR

💌It is my honor to share your comments with me💌

Commento:

Price had a bullish reaction to support.
Now we should wait for reaction to 1.20 to 1.215 (demand zone).
If price stay below demand zone we expect mor fall.

Trade chiuso manualmente:

As you can see, the price had a perfect reaction to our new demand zone that we mentioned before and had more than 200 Pips fall.

I hope you use this analysis.

I will post a new TA ASAP.