$GBPUSD Daily Analysis

JayForexHous Academy

$GBPUSD DAILY Analysis | Method: SMC📊

For now I would say the algorithm is accumulating retail traders, as you can see for days now the internal structure has been in a consolidation mode with no official directions. Just below the accumulated low, we have a demand zone with a structural support, and an external demand with an inducement.

The order is an idea of where the stop hunt of the accumulated high could respect, for me am bearish because the bulls failed to push pass the resistance level.

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Last updated: 01/25/2024 15:03

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