The Next Critical Levels to Look for a Trade

2 Okt 2023

"Observing the GBPUSD on the 4-hour timeframe, it appears to be positioned between two noteworthy levels warranting consideration for potential trading positions. The recent peak from the last bullish surge doesn't appear to signify the ultimate culmination. It's more probable that the price is inclined towards reaching the higher supply level. Thus, if the price retraces to the lower demand level before advancing to the upper supply level, it could present an opportune moment for a long position. The upper supply level would then serve as the target for this buy trade. Additionally, this upper supply level also holds promise for a potential short position."