Hey Traders,
Are you keeping an eye on the GBPUSD chart? As you can see, the currency pair is still on a downward trend and I believe it may come down to test the lows near 1.1920, which is a strong demand zone.
Take a closer look at the market's history and you'll see how it previously bounced back from this zone. Now, all you have to do is keep an eye on the market while it's inside the zone and look for any reversal pattern or bullish confirmation before getting in a buy trade from this strong demand zone.
Don't forget to follow me for more trading insights and analysis
Are you keeping an eye on the GBPUSD chart? As you can see, the currency pair is still on a downward trend and I believe it may come down to test the lows near 1.1920, which is a strong demand zone.
Take a closer look at the market's history and you'll see how it previously bounced back from this zone. Now, all you have to do is keep an eye on the market while it's inside the zone and look for any reversal pattern or bullish confirmation before getting in a buy trade from this strong demand zone.
Don't forget to follow me for more trading insights and analysis
