GBPUSD 2HR TIME FRAME ANALYSIS

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GBPUSD 2HR TIME FRAME ANALYSISGBP/USDOANDA:GBPUSDsddhrthmallick736On the 2-hour timeframe, the price has broken the trending support as expected. Based on this, we measured the previous supply zone and identified a potential reversal area. From this level, we are expecting a full QFL setup. Although the candle size is relatively large on the 2-hour timeframe, entry confirmation has already appeared on the 15-minute and 30-minute timeframes. Also, the supply zone has not been measured from the absolute top. This is because there is a quick demand zone formed above the trendline, which is considered extra. Therefore, we measured the supply from the actual reversal area where the setup is more valid.