Buy on EURGBP
Updated
Technical Analysis
Trend Direction from Daily Time Frame:
- We can see this in a ranging market.
- Price looks to have rejected a daily support/demand zone
Key Supply and Demand Zones from Daily Time Frame:
- We have a demand and supply zone according to the trending market's supply and resistance levels
Reversal Structure on 1 Hour Time Frame:
- We see a double bottom reversal pattern at the demand zone/supply level rejection
Reversal Spot
- We are looking for a break of an hourly demand zone to be eventually retested before we enter. We will use Fibonacci Retracement to be able to see potential retest levels.
Our sentiment is a buy
Trend Direction from Daily Time Frame:
- We can see this in a ranging market.
- Price looks to have rejected a daily support/demand zone
Key Supply and Demand Zones from Daily Time Frame:
- We have a demand and supply zone according to the trending market's supply and resistance levels
Reversal Structure on 1 Hour Time Frame:
- We see a double bottom reversal pattern at the demand zone/supply level rejection
Reversal Spot
- We are looking for a break of an hourly demand zone to be eventually retested before we enter. We will use Fibonacci Retracement to be able to see potential retest levels.
Our sentiment is a buy
Trade closed: target reached
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