Eurgbpshort
Forex Analysis and Setup on EURGBP | Smart Money ConceptPrice traded up by raiding the buy side liquidity and a turtle soup sell model was introduced into the forex market charts of EURGBP and price ran down by breaking market structure and upon it retracement up created a divergence. So we're expecting price to react off of that order block or supply zone into the lows created earlier
SUPPLY AND DEMAND - EURGBP (2-8 Jan 2022)MN Trend:
Short opportunity
D1 Chart:
Zone to short from once MN price zone is removed
EUR/GBP WILL MAKE A NEW LOW BEFORE BULLISHEUR/GBP will make new low from $0.83564 or $0.83639 and invalidation level is $0.83700. We are currently on the 4th wave and we will down for final 5th of (C) of ((Y)).
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
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