Harmonictraders
GBPPUSD > Strong Key Level for A Buy!!Analysis of #GBPPUSD
As the market chaos continues we have to be agile and look for opportunities in the volatile market.
on my chart you see I spotted a strong demand zone on the hourly chart where we can look for buys.
if the market fall to test my structure demand zone I will then drop a one-time frame looking for a reversal pattern for a confirmation we are running bullish before committing to a buy entry.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
EURUSD LongTime Frame: 4H
Symbol: EURUSD
Entry: 1.05437
TP: 1.07148
SL: 1.04250
Bias: Long
As we see the weakness of dollar is the strength of the euro but not always . The inverse correlation does not work mathematically all the time . However, sometimes we can anticipate trading against the weakness or strength of dollar. Here we are going for long as we think the price level of this instrument may rise.