GBPUSD - Buy Compression 🚨
This should be very obvious compression to you. Price may give an initial lure but long term sells aren't ready until we get a strong liquidity grab into the supply zones above.
I will be searching for buys to join banks for when they decide to complete compression.
The daily and weekly POC are very close to each other, this zone had the most volume because it was full of sellers trying to use the area as resistance.
If price pulls back and uses this area as a fresh demand, I will be going long.
I will keep you updated all day.
I will be searching for buys to join banks for when they decide to complete compression.
The daily and weekly POC are very close to each other, this zone had the most volume because it was full of sellers trying to use the area as resistance.
If price pulls back and uses this area as a fresh demand, I will be going long.
I will keep you updated all day.
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