GBPUSD long or short - Supply Demand, Liquidity
On GU I see that the price is currently in a high liquidity level. Therefore the price should go up. The thing is that the price is still in a bearish environment which mean that we would like to see the price going up higher before the bullish move can be confirmed. I will wait afterwards for a correction and I will look for a long trade.
If the price will just drop lower I will look for short opportunity, but more then likely I might still look then later to catch a long trade because price needs a correction.
What do you think?
If the price will just drop lower I will look for short opportunity, but more then likely I might still look then later to catch a long trade because price needs a correction.
What do you think?
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