Currently the chart is daily for GBP / USD.
The supply and demand levels accompanied with test and retest is our core trading strategy.
The channel levels are marked with Green and Red, Weak Closing on saturday indicates that more sell off mixed with profit booking.
The next level where in demand will test is 1.55540 till then short levels can be build for 30 to 40 pips of profit booking.
A break in level 1.55540 will bring in more shorts which will test levels if 1.50886 which also happens to be the support level.
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