GBPUSD Mark Up

6 Okt 2019

These are my levels I'll track for this trading week for GBPUSD. I'll adjust as price unfolds, but I would look for price to break down pass the PPZ, funnel through the channel 'til it reaches that support at the 1.2265 level. Breakout traders will more than likely enter a short position once price breaks the 1.2265 level, but they'll be selling right into a zone where there's willing buyers. However, even though a smaller zone formed within the HTF zone that doesn't mean it'll hold since the zone technically has been hit previously. We shall see.

NOT TRADING ADVICE!!!