GBPUSD Analysis 04/03/2024
This is my idea on GBPUSD for this week.
It has been consolidating upwards and there is a bit of a bullish orderflow going on, me personally I wouldn’t short where it is at become of the LTF demand areas below the price it is at.
There is an imbalance above that needs filling so my prediction on this is that it’ll break that trendline and a reverse at that supply area and go down further. However, anything could happen so I’m just seeing how price reacts first.
It has been consolidating upwards and there is a bit of a bullish orderflow going on, me personally I wouldn’t short where it is at become of the LTF demand areas below the price it is at.
There is an imbalance above that needs filling so my prediction on this is that it’ll break that trendline and a reverse at that supply area and go down further. However, anything could happen so I’m just seeing how price reacts first.
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