EURGBP Start taking profits now!
If you are in this trade on the 1 hour demand zone then I would start taking profits and keep a close eye on this one!
Here are the MAIN 2 reasons!
1. The 4-hour chart is in a downtrend on your TrendCloud (shown by the red candle and black cross) Momentum filter is also down with a bearish divergence signal.
2. The 1-hour chart is in a downtrend and CCI is still showing strength to the downside.
There is NO WAY to tell how much of a reaction this demand zone will produce. So if you're in it then start taking profits. And if you're waiting for an entry then start looking for your supply zones on the 15-minute chart.
Here are the MAIN 2 reasons!
1. The 4-hour chart is in a downtrend on your TrendCloud (shown by the red candle and black cross) Momentum filter is also down with a bearish divergence signal.
2. The 1-hour chart is in a downtrend and CCI is still showing strength to the downside.
There is NO WAY to tell how much of a reaction this demand zone will produce. So if you're in it then start taking profits. And if you're waiting for an entry then start looking for your supply zones on the 15-minute chart.
Chris Juliano
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