GBPUSD area of low volume, More Bulls before the Bears return!
GBPUSD RECAP:
GBPUSD is slowing filling the area of low volume created by the big bearish movement on the 23rd of June 2016 or as some may know it as BREXIT! (highlighted in one of my earlier uploads, linked bellow). Once this area of low volume is filled i anticipate a continuation of the bearish sentiment.
So far the re-tracement has only reached 23% meaning my bias is still bullish until 61.8% is achieved. With bias in mind, an entry with the same strategy was found on the Hour 1 chart.
GBPUSD is slowing filling the area of low volume created by the big bearish movement on the 23rd of June 2016 or as some may know it as BREXIT! (highlighted in one of my earlier uploads, linked bellow). Once this area of low volume is filled i anticipate a continuation of the bearish sentiment.
So far the re-tracement has only reached 23% meaning my bias is still bullish until 61.8% is achieved. With bias in mind, an entry with the same strategy was found on the Hour 1 chart.
