EURGBP price action analysis:
The price is in a sideways trend, it is possible to see a stop hunt move in last hours because there is the blue line (buy side liquidity above it) and price broke 2 prevoius highs and then came back below that level with a strong spike.
Analyzing market profile we can see that in last 3 sessions the POC is set at a much lower price, this confirm a low interest shown by buyers at high prices (08740/08750), in addition we can see low volumes in last upward movement as highlighted by descending red arrow on the chart.
High probability trade.
Risk maximum 1% of your capital.
RR 1:2.50
The price is in a sideways trend, it is possible to see a stop hunt move in last hours because there is the blue line (buy side liquidity above it) and price broke 2 prevoius highs and then came back below that level with a strong spike.
Analyzing market profile we can see that in last 3 sessions the POC is set at a much lower price, this confirm a low interest shown by buyers at high prices (08740/08750), in addition we can see low volumes in last upward movement as highlighted by descending red arrow on the chart.
High probability trade.
Risk maximum 1% of your capital.
RR 1:2.50
Trade closed: target reached
The trade ha rwached target!!!+2.5 RR.
Enjoy your profits!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.