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Forex major gbpusd is in a monthly downtrend with supply imbalances above at around 1.29770 for potential shorts. In a downtrend demand levels are removed and supply zones are respected. Short bias on gbpusd!

gbpusd_monthly_supply_shorts

4 Comments

  1. Isaac says:

    Sorry to ask but how is the most recent supply zone a valid one? I do not see any rules that will create that supply zone. Price did not break any trendline or remove any demand did it? Furthermore i think it’s too low on the curve to sell. Price seems overextended on the monthly to go shorts. Do clarify with me. Thanks!

    • Isaac, the problem be that you don’t have all history in gbpusd. Most brokers don’t offer history that far back in time. Three and 6 months demand in control. Previous Monthly demand taken out

      • Isaac says:

        Thanks for clarifying! Makes a lot of sense to me now 🙂 Looking forward to join your community when I can afford it!

  2. […] of supply start being created on the daily we could have some nice shorts as mentioned previously here. In a downtrend demand is removed and supply is respected. Short bias on […]

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