LONG - EURGBP (WK D H4) (26 May 2023)
Swing Trade - EURGBP
EURGBP presents MEGA LONG opportunities.
Weekly Chart
- Price is reaching low curve after so long
- Consider selling only if price breaks the zone (in WHITE Box). However, this analysis focuses on the potential BUY trades due to the FRESH area zone in the Weekly chart
- Buy at fresh weekly demand zone
Daily Chart
- Since there is a current pause in the price instead of strong candles arriving at the Weekly area of Demand, Daily trades might be possible as the current Weekly zone has not been broken and was pivotal in breaking a strong Supply zone previously in the Weekly chart.
Hence, a potential BUY zone is possible. Tread with care though
H4 Chart
- for smaller risks as it is not sure if price is strong enough to break through the zone, or to reach directly to the bigger TF demand, drill down to H4 for potential BUY trade/s/
EURGBP presents MEGA LONG opportunities.
Weekly Chart
- Price is reaching low curve after so long
- Consider selling only if price breaks the zone (in WHITE Box). However, this analysis focuses on the potential BUY trades due to the FRESH area zone in the Weekly chart
- Buy at fresh weekly demand zone
Daily Chart
- Since there is a current pause in the price instead of strong candles arriving at the Weekly area of Demand, Daily trades might be possible as the current Weekly zone has not been broken and was pivotal in breaking a strong Supply zone previously in the Weekly chart.
Hence, a potential BUY zone is possible. Tread with care though
H4 Chart
- for smaller risks as it is not sure if price is strong enough to break through the zone, or to reach directly to the bigger TF demand, drill down to H4 for potential BUY trade/s/
Note
A D1 pending BUY limit order is placed as of 1 Jun 2023Trade active
Trade closed: target reached
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