POTENTIAL EURGBP LONG IDEA
Updated
THOUGHTS | CONFLUENCES
1. Even though the HTF aligned with the bearish narrative (Reacting from supply @0.87657), price is currently aligning with the bullish narrative which could either give a retracement or push to make a new high (Check schematic drawn).
2. Order flow to the left @0.85692
3. HTF Liquidity grabbed @0.86126
4. Price most-likely Over-sold.
DISCLAIMER: THIS IS JUST A TRADE IDEA, YOU ARE RESPONSIBLE FOR WHATEVER YOU DO WITH IT. POSTING THIS IDEA DOESN'T MEAN I'M TRADING THE IDEA, THINGS CAN CHANGE ALONG THE LINE THEREBY CHANGING MY DECISION ABOUT MY BIAS (I AM RESPONSIBLE FOR WHATEVER I DO WITH IT).
1. Even though the HTF aligned with the bearish narrative (Reacting from supply @0.87657), price is currently aligning with the bullish narrative which could either give a retracement or push to make a new high (Check schematic drawn).
2. Order flow to the left @0.85692
3. HTF Liquidity grabbed @0.86126
4. Price most-likely Over-sold.
DISCLAIMER: THIS IS JUST A TRADE IDEA, YOU ARE RESPONSIBLE FOR WHATEVER YOU DO WITH IT. POSTING THIS IDEA DOESN'T MEAN I'M TRADING THE IDEA, THINGS CAN CHANGE ALONG THE LINE THEREBY CHANGING MY DECISION ABOUT MY BIAS (I AM RESPONSIBLE FOR WHATEVER I DO WITH IT).
Note
Great idea!But didn't turn out well.
There's a chance the HTF sell narrative is starting to set in.
Note
Also, we might still see further bullish narrative in coming weeksTrade closed: stop reached
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