GBPUSD-Price Action and Supply/Demand Analysis 2021 By Hamza Ali

[Hamza Ali]

If we look at the H1 timeframe it is clear that the price is in an uptrend and this move below the zone could be a liquidity spike. So if we have a close above the zone immediately then we may look for buys.

 

[Hamza Ali]

If we have a downward spike by GBPUSD then I will be buying on the retest of this H4 support zone.

[Hamza Ali]

Alright, alright.

GBPUSD, done exactly the same as we mentioned above in our first post. It has moved upward almost 100 pips. Congrats if you took this trade.The next target is 1.3978.

[Hamza Ali]

[Ardy Ismail]

Nice analysis there Hamza. GBPUSD did move up after hitting that slanting line support.

[Hamza Ali]

As GBPUSD is in an uptrend and is moving exactly the same as we’ve mentioned yesterday. Now it has formed some little zone. We can look for some more entries at the zone if we have a retest. The previous target of 1.3978 got hit. The next targets are 1.4012,1.4087.

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