jolicoeur342
Long

EURGBP - BUY SETUP

FX:EURGBP   Euro / British Pound
195 views
10
EURGBP is still going down, it didnt break the bearish down trend on the SHORT TERM, BUT on the longer term, it didnt break the BULLISH one, SO overall, the market is still bullish even if on the shorter timeframe the market seems bearrish.
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The market as to go UP, to do a HIGH RE-TEST, on the lower timeframe, the market already did it, BUT on the higher timeframe the market never re-tested the high! (Look on the daily and weekly chart)
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I am going to be looking for a buy around the lower supply and demand zone, till the higher supply and demand zone. I will take profit at 100 pips, then I will be looking to sell in the higher supply and demand zone, THEN we will really be looking for a HUGE downtrend!
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Comments

Good analysis brother, thanks for the input. You're right...it hasn't re-tested the high
Reply
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