โ€œ EUR/GBP Buy Setup โ€“ Demand Zone to the Moon? โ€

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Key Zones & Levels

๐ŸŸฆ Demand Zone:

Between 0.85555 โ€“ 0.85200

Buyers previously pushed price up here โ€” now acting as a strong support base!


๐ŸŽฏ Target Point:

0.87406

Potential upside of +179 pips / +2.09%

๐ŸŸข Entry Point:

Around 0.85555, just above the demand zone

Ideal spot for a Buy Entry if confirmation shows.

๐Ÿ›‘ Stop Loss:

Set at 0.85200

Smart risk protection below the zone.

Indicators

๐Ÿ“‰ Downtrend Line:

A break above this could signal the start of a bullish Reversal.

๐Ÿ“ˆ EMA (7-period):

Currently around 0.85796

Reclaiming above this line strengthens the buy signal.

Trade Plan Summary

โœ… Buy on bounce from demand zone

๐Ÿ”“ Breakout of the trend line = confirmation

๐ŸŽฏ TP: 0.87406

๐Ÿ›ก๏ธ SL: 0.85200

โš–๏ธ Risk-to-Reward Ratio: Excellent (about 1:6)

Final Thoughts

Wait for bullish candles near the entry point

Watch fundamentals too โ€” EUR & GBP news could impact direction

Stay alert for false breakouts below the demand zone

Disclaimer

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