GBPUSD - 4950ish is my current key level for the bears. Right now my controlling zone for today is 4940 to 4975 and it is a bear zone.
Don't blindly short this zone though as current PA is always king. Remember that zones (the same as support and resistance levels) can be reversed by current PA. Wait for your favorite trade plan set-ups to agree with your overall market bias and then take your trades.
The zones are just my points of interest and where I expect/prefer to see my set-ups.
Don't blindly short this zone though as current PA is always king. Remember that zones (the same as support and resistance levels) can be reversed by current PA. Wait for your favorite trade plan set-ups to agree with your overall market bias and then take your trades.
The zones are just my points of interest and where I expect/prefer to see my set-ups.
Today's zone = Tomorrow's opportunity!