Key Decion Level on GBPUSD Daily
GBPUSD is at key decision level with confluence zone of:
- 1:1 Symmetry
- 1.272 Ext
- Resistance
- Trendline
- Median Line
On Daily chart the GBPUSD is at a key level, however the uptrend on H4 is still intact but showing exhaustion. Best to wait for Demand zone to be taken out on H4, and then short it on a retrace at Supply level on H4 in order to have a confirmation of a reversal and very tight stop to maximise R/R.
- 1:1 Symmetry
- 1.272 Ext
- Resistance
- Trendline
- Median Line
On Daily chart the GBPUSD is at a key level, however the uptrend on H4 is still intact but showing exhaustion. Best to wait for Demand zone to be taken out on H4, and then short it on a retrace at Supply level on H4 in order to have a confirmation of a reversal and very tight stop to maximise R/R.
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