EURGBP has been ranging for couple of months now if we are to look from the weekly time frame From the daily time frame, we can see that price has broken the daily downward trend line - suggesting that price is currently in an uptrend. However, price is hovering within a daily supply zone (although not fresh), there's a possible chance that price might retrace...
referring to the daily chart, I am expecting for price to drop to the fresh daily demand and rallying to the fresh weekly supply (green line) for the next couple of weeks (maybe). let me know your thoughts.
my thought for this pair is long. referring to the chart - i've set a buy limit on H4 demand. in addition, it has created higher high and higher low.
My thoughts on EURJPY is short. I've placed 2 orders on 2 daily supply level. One is slightly above, just in case price decide to test further up. But either one is good and risk accordingly. Both PO have good risk to reward ratio. The lowest time frame for me to put PO is on the 240 time frame and nothing lower. If price decide to drop and miss my entry next...
For AUDCAD, my bias thoughts are LONG. Currently, price has touched daily demand and I am anticipating for price to rally up to at least the next daily supply zone. By looking at 240 time frame, we can see that price has been creating new highs and higher lows. So, I've set a buy limit (PO) on the daily demand (referring to the chart above). Let's see how price...
here is my bias opinion on EURGBP - short. Referring to the chart above, price is currently in a daily supply - so I've a set PO on the daily supply with SL slightly above the zone. TP is on daily demand.