EURGBP Just my thought
I just wanted to share this not to impress others. I'm NEWBIE and I want to know if I am doing it right, feel free to comment here and tell me if there is something wrong with my analysis.
I saw resistance at the top and it reached near 0.89800 and finally dropped to 0.88000. It is close to the Demand area of 0.87900-0.87600, so push it up to 0.89300 and slowly drop to the Demand area of 0.87900-0.87600. Gradually, there is a consolidation in its area. My prediction is that it will climb to the Supply area of 0.88900-0.88850 to form a new "LH". Or will form consolidation in the Demand area of 0.87900-0.87600 and down to the another Demand area of 0.86100.
Feel free to comment down below. Thanks
I saw resistance at the top and it reached near 0.89800 and finally dropped to 0.88000. It is close to the Demand area of 0.87900-0.87600, so push it up to 0.89300 and slowly drop to the Demand area of 0.87900-0.87600. Gradually, there is a consolidation in its area. My prediction is that it will climb to the Supply area of 0.88900-0.88850 to form a new "LH". Or will form consolidation in the Demand area of 0.87900-0.87600 and down to the another Demand area of 0.86100.
Feel free to comment down below. Thanks
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.