Supply Holds On the Pound

The Pound has had a big bullish run recently and it's hit some key levels on a number of pairs. I'm going to talk about a couple of them in this post.


GJ rallied up over 1000 pips in it's most recent bullish push and it hit a level I was interested in being supply and resistance.


An ascending channel began to form so I continued to monitor price as PA was slowing down.

Sure enough, the ascending channel broke, we had a retest and there was a short opportunity with the 30m trend.

And then we know what happened next.



GU had a very similar picture with price hit daily supply and weekly resistance.

We had a H4 ascending channel break with a retest:

And a nice move away:

It wasn't just the pounds and I'll mention one more here and keep it brief:


Price hit daily supply, broke a H4 rising wedge formation with a retest and there was a short opportunity.

What does pre-planned analysis look like for premium members?

Here is just a little snippet

This and more for multiple pairs with a video, straight to your phone on the Discord app.

If you would benefit from this click here or if you have any questions contact me.




Get In On The Action

Find out how you can take trades like these each and every week.

Click below for more

Like what you see? Share it here:

Leave a Comment

Want to improve your trading? | Download your free Traders Checklist


Learn To Read The Market

Your guide to consistent trading profits:
  • Identify high quality setups
  • Learn to read price action
  • Trade with confidence